Vanguard Group Inc. Sells 489,908 Shares of Green Dot Corporation $GDOT

Key Points

• Vanguard Group Inc. reduced its holdings in Green Dot Corporation by 13.7%, now holding approximately 5.71% of the company, worth $26.12 million.
• Several institutional investors, including Dimensional Fund Advisors and Walmart, adjusted their stakes in Green Dot, with institutional ownership now at 92.56%.
• Green Dot's recent earnings report showed a 23.9% increase in quarterly revenue year-over-year and an EPS of $0.40, surpassing analysts' expectations.

Vanguard Group Inc. reduced its holdings in shares of Green Dot Corporation (NYSE:GDOT - Free Report) by 13.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,094,743 shares of the financial services provider's stock after selling 489,908 shares during the period. Vanguard Group Inc. owned 5.71% of Green Dot worth $26,120,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Green Dot by 4.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,460 shares of the financial services provider's stock valued at $324,000 after buying an additional 1,292 shares during the period. Graham Capital Management L.P. boosted its stake in shares of Green Dot by 25.0% in the 4th quarter. Graham Capital Management L.P. now owns 14,079 shares of the financial services provider's stock worth $150,000 after buying an additional 2,818 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Green Dot by 2.0% in the 4th quarter. BNP Paribas Financial Markets now owns 151,142 shares of the financial services provider's stock worth $1,608,000 after purchasing an additional 3,035 shares during the period. GAMMA Investing LLC raised its holdings in Green Dot by 152.0% during the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the financial services provider's stock valued at $48,000 after acquiring an additional 3,416 shares during the period. Finally, Barclays PLC raised its holdings in Green Dot by 5.4% during the 4th quarter. Barclays PLC now owns 93,324 shares of the financial services provider's stock valued at $993,000 after acquiring an additional 4,820 shares during the period. 92.56% of the stock is currently owned by institutional investors and hedge funds.

Green Dot Stock Up 2.3%

GDOT traded up $0.31 during trading hours on Friday, hitting $13.85. 630,128 shares of the company's stock were exchanged, compared to its average volume of 913,113. Green Dot Corporation has a 12-month low of $6.12 and a 12-month high of $14.27. The firm has a 50 day moving average of $11.35 and a 200 day moving average of $9.50. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.07. The firm has a market cap of $767.37 million, a P/E ratio of -31.49 and a beta of 0.75.

Green Dot (NYSE:GDOT - Get Free Report) last released its earnings results on Monday, August 11th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.17 by $0.23. The company had revenue of $501.16 million during the quarter, compared to analysts' expectations of $496.49 million. Green Dot had a negative net margin of 1.24% and a positive return on equity of 9.93%. The business's revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the business earned $0.25 EPS. Green Dot has set its FY 2025 guidance at 1.280-1.420 EPS. Analysts predict that Green Dot Corporation will post 0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

GDOT has been the subject of several research reports. Barclays upped their target price on shares of Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods raised their target price on shares of Green Dot from $11.00 to $12.00 and gave the company a "market perform" rating in a research note on Friday, July 11th. Wall Street Zen raised shares of Green Dot from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Northland Securities set a $16.00 target price on shares of Green Dot in a report on Tuesday, August 12th. Finally, Zacks Research upgraded shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $13.00.

Insider Activity

In other Green Dot news, insider Christian Devin Ruppel sold 27,931 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $12.39, for a total transaction of $346,065.09. Following the completion of the sale, the insider owned 226,656 shares in the company, valued at $2,808,267.84. The trade was a 10.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company's stock.

About Green Dot

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.