Green Dot Corporation (GDOT) Shares Sold by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lessened its holdings in Green Dot Corporation (NYSE:GDOT) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 189,026 shares of the financial services provider’s stock after selling 4,040 shares during the period. Schwab Charles Investment Management Inc. owned 0.38% of Green Dot Corporation worth $7,284,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. bought a new stake in Green Dot Corporation in the 2nd quarter valued at $108,000. IFP Advisors Inc increased its position in Green Dot Corporation by 5,537.3% during the 2nd quarter. IFP Advisors Inc now owns 2,875 shares of the financial services provider’s stock worth $111,000 after buying an additional 2,824 shares during the period. Ameritas Investment Partners Inc. bought a new position in Green Dot Corporation during the 1st quarter worth $118,000. Asset Management One Co. Ltd. bought a new position in Green Dot Corporation during the 1st quarter worth $162,000. Finally, Meeder Asset Management Inc. bought a new position in Green Dot Corporation during the 2nd quarter worth $254,000. Institutional investors and hedge funds own 77.43% of the company’s stock.
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In other Green Dot Corporation news, General Counsel John C. Ricci sold 20,707 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $47.21, for a total value of $977,577.47. Following the transaction, the general counsel now directly owns 91,163 shares in the company, valued at approximately $4,303,805.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the insider now owns 217,010 shares in the company, valued at $10,143,047.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 166,151 shares of company stock worth $7,601,462. 11.00% of the stock is currently owned by corporate insiders.
Shares of Green Dot Corporation (NYSE GDOT) opened at 53.83 on Friday. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 45.77 and a beta of 1.00. Green Dot Corporation has a 12-month low of $21.45 and a 12-month high of $54.14. The stock’s 50 day moving average price is $48.44 and its 200 day moving average price is $40.17.
Green Dot Corporation (NYSE:GDOT) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $0.47 earnings per share (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 company had revenue of $222.50 million for the quarter, compared to analyst estimates of $208.59 million. During the same period in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 28.2% compared to the same quarter last year. Equities research analysts expect that Green Dot Corporation will post $2.05 earnings per share for the current year.
Several research analysts have weighed in on GDOT shares. Citigroup Inc. increased their price objective on Green Dot Corporation from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, September 18th. Zacks Investment Research cut Green Dot Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. ValuEngine upgraded Green Dot Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Green Dot Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 14th. Finally, Lake Street Capital started coverage on Green Dot Corporation in a research report on Monday, June 26th. They set a “hold” rating and a $41.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $45.91.
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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