The BlackRock Fund Advisors Boosts Position in Green Dot Corp. (GDOT)

The BlackRock Fund Advisors Boosts Position in Green Dot Corp. (GDOT)

BlackRock Fund Advisors raised its stake in Green Dot Corp. (NYSE:GDOT) by 7.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,017,014 shares of the financial services provider’s stock after buying an additional 218,891 shares during the period. BlackRock Fund Advisors owned approximately 0.06% of Green Dot Corp. worth $69,572,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Green Dot Corp. during the second quarter valued at about $456,000. New York State Teachers Retirement System boosted its position in shares of Green Dot Corp. by 17.3% in the second quarter. New York State Teachers Retirement System now owns 79,483 shares of the financial services provider’s stock valued at $1,827,000 after buying an additional 11,700 shares during the last quarter. Swiss National Bank boosted its position in shares of Green Dot Corp. by 13.7% in the second quarter. Swiss National Bank now owns 74,100 shares of the financial services provider’s stock valued at $1,704,000 after buying an additional 8,900 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Green Dot Corp. by 16.1% in the second quarter. California Public Employees Retirement System now owns 72,300 shares of the financial services provider’s stock valued at $1,662,000 after buying an additional 10,000 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of Green Dot Corp. by 12.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,146 shares of the financial services provider’s stock valued at $762,000 after buying an additional 3,677 shares during the last quarter. Institutional investors own 76.26% of the company’s stock.

Green Dot Corp. (NYSE:GDOT) opened at 25.45 on Thursday. The company has a 50 day moving average of $24.46 and a 200 day moving average of $23.52. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 35.85 and a beta of 1.08. Green Dot Corp. has a 12 month low of $16.14 and a 12 month high of $25.79.

Green Dot Corp. (NYSE:GDOT) last released its earnings results on Wednesday, November 9th. The financial services provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.04. The company earned $154.60 million during the quarter, compared to the consensus estimate of $151.72 million. Green Dot Corp. had a return on equity of 7.76% and a net margin of 5.22%. Green Dot Corp.’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, equities analysts predict that Green Dot Corp. will post $1.43 EPS for the current year.

GDOT has been the topic of several recent research reports. BTIG Research reiterated a “hold” rating on shares of Green Dot Corp. in a report on Sunday, November 13th. Zacks Investment Research cut shares of Green Dot Corp. from a “hold” rating to a “sell” rating in a report on Monday, November 14th. Guggenheim initiated coverage on shares of Green Dot Corp. in a report on Wednesday, January 4th. They set a “buy” rating and a $28.00 target price on the stock. Loop Capital assumed coverage on shares of Green Dot Corp. in a report on Tuesday, January 10th. They set a “buy” rating and a $31.00 target price on the stock. Finally, Compass Point raised shares of Green Dot Corp. to a “buy” rating in a research report on Sunday. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Green Dot Corp. currently has a consensus rating of “Hold” and a consensus price target of $25.88.

In other Green Dot Corp. news, COO Kuan Archer sold 12,098 shares of Green Dot Corp. stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $23.46, for a total value of $283,819.08. Following the completion of the transaction, the chief operating officer now directly owns 128,627 shares of the company’s stock, valued at approximately $3,017,589.42. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark L. Shifke sold 5,000 shares of Green Dot Corp. stock in a transaction dated Monday, December 12th. The shares were sold at an average price of $25.26, for a total value of $126,300.00. Following the completion of the transaction, the chief financial officer now directly owns 799,845 shares of the company’s stock, valued at $20,204,084.70. The disclosure for this sale can be found here. 11.00% of the stock is owned by company insiders.

Green Dot Corp. Company Profile

Green Dot Corporation, along with its subsidiaries, 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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