Citigroup Inc. trimmed its holdings in Green Dot Corporation (NYSE:GDOT) by 9.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 226,315 shares of the financial services provider’s stock after selling 24,573 shares during the quarter. Citigroup Inc. owned approximately 0.45% of Green Dot Corporation worth $8,720,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Bank of America Corp DE lifted its position in Green Dot Corporation by 113.5% in the first quarter. Bank of America Corp DE now owns 198,987 shares of the financial services provider’s stock worth $6,638,000 after buying an additional 105,791 shares during the last quarter. Comerica Bank lifted its position in Green Dot Corporation by 5.1% in the first quarter. Comerica Bank now owns 49,347 shares of the financial services provider’s stock worth $1,703,000 after buying an additional 2,399 shares during the last quarter. Arizona State Retirement System lifted its position 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 worth $774,000 after buying an additional 500 shares during the last quarter. KCG Holdings Inc. bought a new stake in Green Dot Corporation in the first quarter worth $308,000. Finally, Principal Financial Group Inc. lifted its position in Green Dot Corporation by 2.8% in the first quarter. Principal Financial Group Inc. now owns 347,704 shares of the financial services provider’s stock worth $11,600,000 after buying an additional 9,315 shares during the last quarter. Institutional investors and hedge funds own 77.43% of the company’s stock.

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In related news, insider Steven W. Streit sold 7,995 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $46.74, for a total value of $373,686.30. Following the completion of the sale, the insider now directly owns 217,010 shares of the company’s stock, valued at approximately $10,143,047.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth C. Aldrich sold 10,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $48.28, for a total value of $482,800.00. Following the completion of the sale, the director now directly owns 20,563 shares of the company’s stock, valued at $992,781.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,166 shares of company stock worth $5,918,805. Company insiders own 11.00% of the company’s stock.

A number of research firms have weighed in on GDOT. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Green Dot Corporation in a research note on Wednesday. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 14th. Citigroup Inc. increased their target price on Green Dot Corporation from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Cowen and Company reiterated a “hold” rating on shares of Green Dot Corporation in a research note on Thursday, August 10th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Green Dot Corporation has a consensus rating of “Buy” and an average price target of $42.22.

Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Green Dot Corporation had a return on equity of 12.13% and a net margin of 7.66%. The business had revenue of $222.50 million for the quarter, compared to the consensus estimate of $208.59 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis.

Green Dot Corporation Company Profile

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.

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

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