CWM Advisors LLC Acquires New Holdings in Green Dot Co. (NYSE:GDOT)

CWM Advisors LLC purchased a new position in shares of Green Dot Co. (NYSE:GDOT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,581 shares of the financial services provider’s stock, valued at approximately $243,000.

A number of other institutional investors have also recently added to or reduced their stakes in GDOT. Citigroup Inc. raised its holdings in Green Dot by 11,770.6% during the 4th quarter. Citigroup Inc. now owns 1,172,463 shares of the financial services provider’s stock worth $27,318,000 after purchasing an additional 1,162,586 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Green Dot by 162.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 974,661 shares of the financial services provider’s stock worth $22,710,000 after purchasing an additional 602,620 shares during the last quarter. Norges Bank bought a new position in Green Dot during the 4th quarter worth approximately $13,578,000. BlackRock Inc. raised its holdings in Green Dot by 8.1% during the 1st quarter. BlackRock Inc. now owns 7,466,581 shares of the financial services provider’s stock worth $189,577,000 after purchasing an additional 562,562 shares during the last quarter. Finally, Formula Growth Ltd. raised its holdings in Green Dot by 123.3% during the 4th quarter. Formula Growth Ltd. now owns 982,461 shares of the financial services provider’s stock worth $22,891,000 after purchasing an additional 542,461 shares during the last quarter. Hedge funds and other institutional investors own 83.56% of the company’s stock.

NYSE GDOT opened at $37.91 on Friday. The company has a fifty day simple moving average of $28.89 and a 200 day simple moving average of $27.66. Green Dot Co. has a 12-month low of $14.20 and a 12-month high of $51.86. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.12. The company has a market cap of $2.00 billion, a P/E ratio of 18.90 and a beta of 1.00.

Green Dot (NYSE:GDOT) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.34. Green Dot had a net margin of 7.32% and a return on equity of 11.35%. The business had revenue of $362.20 million during the quarter, compared to the consensus estimate of $324.12 million. During the same quarter last year, the firm posted $1.51 EPS. Green Dot’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Green Dot Co. will post 0.89 EPS for the current year.

Several research firms have issued reports on GDOT. Craig Hallum raised their price target on shares of Green Dot from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Northland Securities raised their price target on shares of Green Dot from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday. Jefferies Financial Group reiterated a “hold” rating and issued a $32.00 price objective on shares of Green Dot in a research note on Tuesday, May 12th. SunTrust Banks lifted their price objective on shares of Green Dot from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, BTIG Research reiterated a “buy” rating and issued a $40.00 price objective (up previously from $35.00) on shares of Green Dot in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $36.00.

In other Green Dot news, COO Robert Strub sold 4,603 shares of Green Dot stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $25.00, for a total transaction of $115,075.00. Following the transaction, the chief operating officer now directly owns 101,533 shares of the company’s stock, valued at approximately $2,538,325. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rajeev V. Date acquired 6,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $31.58 per share, for a total transaction of $189,480.00. Following the completion of the acquisition, the director now directly owns 8,578 shares in the company, valued at $270,893.24. The disclosure for this purchase can be found here. Company insiders own 7.80% of the company’s stock.

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

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