Legal & General Group Plc increased its stake in shares of Green Dot Corporation (NYSE:GDOT) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,448 shares of the financial services provider’s stock after buying an additional 654 shares during the period. Legal & General Group Plc owned approximately 0.15% of Green Dot Corporation worth $2,616,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in Green Dot Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 4,920 shares of the financial services provider’s stock worth $164,000 after buying an additional 130 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Green Dot Corporation by 2.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 13,250 shares of the financial services provider’s stock valued at $442,000 after buying an additional 300 shares during the period. Louisiana State Employees Retirement System raised its stake in Green Dot Corporation by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $607,000 after buying an additional 400 shares during the period. SG Americas Securities LLC raised its stake in Green Dot Corporation by 3.6% in the first quarter. SG Americas Securities LLC now owns 13,506 shares of the financial services provider’s stock valued at $451,000 after buying an additional 470 shares during the period. Finally, Arizona State Retirement System raised its stake in Green Dot Corporation by 2.2% in the first quarter. Arizona State Retirement System now owns 23,193 shares of the financial services provider’s stock valued at $774,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 81.21% of the company’s stock.

Shares of Green Dot Corporation (NYSE GDOT) traded up 0.33% on Monday, reaching $39.80. 251,120 shares of the company’s stock traded hands. The firm’s 50-day moving average is $39.51 and its 200-day moving average is $33.90. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 40.90 and a beta of 1.06. Green Dot Corporation has a 52-week low of $21.45 and a 52-week high of $40.84.

Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.14. Green Dot Corporation had a net margin of 6.65% and a return on equity of 10.11%. The business had revenue of $253 million during the quarter, compared to analyst estimates of $233.49 million. During the same quarter last year, the business earned $0.78 earnings per share. Green Dot Corporation’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Green Dot Corporation will post $1.95 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/08/07/green-dot-corporation-nysegdot-stake-raised-by-legal-general-group-plc-updated-updated-updated.html.

Several equities research analysts have commented on GDOT shares. Jefferies Group LLC reiterated a “buy” rating and issued a $42.00 price objective on shares of Green Dot Corporation in a research note on Monday, May 22nd. Citigroup Inc. increased their price objective on shares of Green Dot Corporation from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Zacks Investment Research raised shares of Green Dot Corporation from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, July 12th. BidaskClub downgraded shares of Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods set a $37.00 target price on shares of Green Dot Corporation and gave the company a “hold” rating in a research report on Thursday, July 6th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.88.

In other news, General Counsel John C. Ricci sold 30,709 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $36.16, for a total value of $1,110,437.44. Following the sale, the general counsel now owns 115,997 shares of the company’s stock, valued at $4,194,451.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel John C. Ricci sold 3,686 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $35.97, for a total transaction of $132,585.42. Following the completion of the transaction, the general counsel now directly owns 90,032 shares in the company, valued at approximately $3,238,451.04. The disclosure for this sale can be found here. In the last three months, insiders sold 225,996 shares of company stock worth $8,357,963. Insiders own 11.00% of the company’s stock.

About Green Dot Corporation

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Institutional Ownership by Quarter for Green Dot Corporation (NYSE:GDOT)

Receive News & Stock Ratings for Green Dot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot Corporation and related stocks with our FREE daily email newsletter.