Carillon Tower Advisers Inc. grew its holdings in shares of Green Dot Co. (NYSE:GDOT) by 5.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,008,358 shares of the financial services provider’s stock after buying an additional 53,766 shares during the quarter. Carillon Tower Advisers Inc.’s holdings in Green Dot were worth $61,157,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC acquired a new stake in Green Dot in the 3rd quarter valued at approximately $317,000. Teachers Advisors LLC increased its position in Green Dot by 26.7% in the 3rd quarter. Teachers Advisors LLC now owns 411,337 shares of the financial services provider’s stock valued at $36,535,000 after acquiring an additional 86,684 shares during the period. Morgan Stanley increased its position in Green Dot by 51.2% in the 3rd quarter. Morgan Stanley now owns 393,050 shares of the financial services provider’s stock valued at $34,910,000 after acquiring an additional 133,086 shares during the period. Federated Investors Inc. PA increased its position in Green Dot by 315.9% in the 3rd quarter. Federated Investors Inc. PA now owns 216,372 shares of the financial services provider’s stock valued at $19,218,000 after acquiring an additional 164,341 shares during the period. Finally, Vanguard Group Inc increased its position in Green Dot by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 5,670,625 shares of the financial services provider’s stock valued at $503,665,000 after acquiring an additional 71,806 shares during the period. Hedge funds and other institutional investors own 87.97% of the company’s stock.
Several analysts recently commented on GDOT shares. Citigroup cut Green Dot from a “buy” rating to a “neutral” rating in a research report on Thursday. Needham & Company LLC lowered their price target on Green Dot from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Friday, May 3rd. Craig Hallum lowered their price target on Green Dot from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Loop Capital reiterated a “buy” rating and set a $75.00 price target on shares of Green Dot in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $82.71.
Green Dot (NYSE:GDOT) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.10. Green Dot had a return on equity of 15.74% and a net margin of 10.56%. The company had revenue of $340.51 million for the quarter, compared to analysts’ expectations of $330.17 million. During the same period last year, the firm earned $1.40 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, research analysts expect that Green Dot Co. will post 2.81 earnings per share for the current year.
In other news, insider Steven W. Streit sold 23,105 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $59.60, for a total transaction of $1,377,058.00. Following the completion of the sale, the insider now directly owns 35,005 shares of the company’s stock, valued at approximately $2,086,298. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Konrad Alt sold 919 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $64.15, for a total value of $58,953.85. Following the sale, the insider now directly owns 77,643 shares of the company’s stock, valued at $4,980,798.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 107,427 shares of company stock valued at $6,612,055. Corporate insiders own 7.80% of the company’s stock.
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About Green Dot
Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.
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