Dimensional Fund Advisors LP Acquires 363,831 Shares of Green Dot Co. (NYSE:GDOT)

Dimensional Fund Advisors LP lifted its stake in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 20.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,114,292 shares of the financial services provider's stock after buying an additional 363,831 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.93% of Green Dot worth $22,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock valued at $38,141,000 after purchasing an additional 71,534 shares during the period. Geode Capital Management LLC raised its position in Green Dot by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,237,767 shares of the financial services provider's stock worth $13,173,000 after acquiring an additional 14,771 shares in the last quarter. American Century Companies Inc. raised its position in Green Dot by 42.5% in the fourth quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock worth $11,077,000 after acquiring an additional 310,492 shares in the last quarter. Prudential Financial Inc. raised its position in Green Dot by 135.9% in the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock worth $7,032,000 after acquiring an additional 380,692 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Green Dot by 39.9% in the fourth quarter. JPMorgan Chase & Co. now owns 464,355 shares of the financial services provider's stock worth $4,941,000 after acquiring an additional 132,553 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Stock Performance

Shares of GDOT stock traded up $0.28 during trading hours on Monday, reaching $11.22. 259,036 shares of the company's stock were exchanged, compared to its average volume of 624,845. The stock has a market capitalization of $608.62 million, a P/E ratio of -10.66 and a beta of 0.76. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a fifty-two week low of $6.12 and a fifty-two week high of $13.58. The business has a fifty day moving average price of $7.80 and a 200-day moving average price of $9.21.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.36. Green Dot had a positive return on equity of 3.84% and a negative net margin of 3.39%. The company had revenue of $555.96 million for the quarter, compared to analyst estimates of $503.20 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business's revenue was up 23.6% on a year-over-year basis. Analysts predict that Green Dot Co. will post 0.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GDOT shares. Keefe, Bruyette & Woods dropped their price target on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Northland Securities raised Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a research note on Wednesday, April 9th. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target for the company in a report on Friday, March 14th. Finally, Barclays reduced their target price on Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $10.75.

Green Dot Profile

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.