Vanguard Group Inc. Grows Stock Position in Green Dot Co. (NYSE:GDOT)

Vanguard Group Inc. grew its holdings in Green Dot Co. (NYSE:GDOT - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,584,651 shares of the financial services provider's stock after buying an additional 71,534 shares during the quarter. Vanguard Group Inc. owned 6.66% of Green Dot worth $38,141,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GDOT. KLP Kapitalforvaltning AS purchased a new position in shares of Green Dot in the fourth quarter valued at approximately $84,000. New York State Common Retirement Fund boosted its stake in Green Dot by 63.1% during the 4th quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after purchasing an additional 4,600 shares during the last quarter. AXQ Capital LP purchased a new stake in shares of Green Dot during the fourth quarter worth $166,000. Sei Investments Co. acquired a new stake in shares of Green Dot in the fourth quarter valued at about $217,000. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Green Dot by 12.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock worth $288,000 after buying an additional 2,954 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company's stock.

Analyst Ratings Changes

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

Green Dot Trading Down 0.2 %

Shares of GDOT traded down $0.02 during trading on Friday, reaching $7.41. 599,024 shares of the company traded hands, compared to its average volume of 605,040. The stock has a 50-day simple moving average of $7.90 and a 200-day simple moving average of $9.57. 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 twelve month low of $6.12 and a twelve month high of $13.58. The stock has a market cap of $401.57 million, a PE ratio of -7.05 and a beta of 0.87.

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.