Green Dot Co. (GDOT) Stake Lessened by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of Green Dot Co. (NYSE:GDOT) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,568,000 shares of the financial services provider’s stock after selling 166,700 shares during the period. Renaissance Technologies LLC owned 2.98% of Green Dot worth $139,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Green Dot by 0.5% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 146,543 shares of the financial services provider’s stock valued at $10,755,000 after purchasing an additional 698 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Green Dot by 7.9% in the second quarter. Crossmark Global Holdings Inc. now owns 9,600 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 700 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its holdings in shares of Green Dot by 5.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 15,394 shares of the financial services provider’s stock valued at $1,130,000 after purchasing an additional 775 shares in the last quarter. Vident Investment Advisory LLC grew its holdings in shares of Green Dot by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 55,622 shares of the financial services provider’s stock valued at $4,082,000 after purchasing an additional 834 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Green Dot by 1.4% in the second quarter. Comerica Bank now owns 63,588 shares of the financial services provider’s stock valued at $5,035,000 after purchasing an additional 893 shares in the last quarter. Hedge funds and other institutional investors own 85.75% of the company’s stock.

GDOT has been the subject of a number of recent research reports. Citigroup set a $105.00 target price on shares of Green Dot and gave the company a “buy” rating in a report on Friday, November 9th. Craig Hallum set a $115.00 target price on shares of Green Dot and gave the company a “buy” rating in a report on Thursday, November 8th. ValuEngine lowered shares of Green Dot from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research lowered shares of Green Dot from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Finally, Deutsche Bank set a $79.00 price objective on shares of Green Dot and gave the stock a “hold” rating in a research note on Thursday, November 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $91.33.

In other Green Dot news, CEO Steven W. Streit sold 9,860 shares of Green Dot stock in a transaction on Tuesday, October 30th. The shares were sold at an average price of $72.54, for a total transaction of $715,244.40. Following the completion of the transaction, the chief executive officer now directly owns 112,059 shares of the company’s stock, valued at $8,128,759.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steven W. Streit sold 29,580 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $87.21, for a total transaction of $2,579,671.80. Following the sale, the insider now directly owns 283,762 shares of the company’s stock, valued at $24,746,884.02. The disclosure for this sale can be found here. Insiders have sold 451,485 shares of company stock valued at $36,720,217 over the last ninety days. 11.00% of the stock is owned by insiders.

NYSE GDOT opened at $79.00 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 50.00 and a beta of 1.03. Green Dot Co. has a 52 week low of $54.08 and a 52 week high of $93.00.

Green Dot (NYSE:GDOT) last posted its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.25 by $0.13. The company had revenue of $230.58 million during the quarter, compared to analyst estimates of $223.95 million. Green Dot had a net margin of 11.47% and a return on equity of 14.80%. Green Dot’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share. Analysts predict that Green Dot Co. will post 2.49 EPS for the current fiscal year.

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Green Dot Company Profile

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

Further Reading: How to Invest in the Dividend Aristocrat Index

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

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