Rothschild & Co. Asset Management US Inc. Cuts Stake in Green Dot Co. (GDOT)

Rothschild & Co. Asset Management US Inc. lowered its stake in Green Dot Co. (NYSE:GDOT) by 2.2% during the third quarter, Holdings Channel reports. The fund owned 627,907 shares of the financial services provider’s stock after selling 14,123 shares during the period. Rothschild & Co. Asset Management US Inc.’s holdings in Green Dot were worth $55,771,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Green Dot by 7.1% during the third quarter. BlackRock Inc. now owns 7,745,801 shares of the financial services provider’s stock worth $687,983,000 after buying an additional 514,669 shares during the last quarter. Renaissance Technologies LLC increased its position in Green Dot by 9.0% during the second quarter. Renaissance Technologies LLC now owns 1,734,700 shares of the financial services provider’s stock worth $127,310,000 after buying an additional 143,700 shares during the last quarter. Carillon Tower Advisers Inc. increased its position in Green Dot by 5.4% during the second quarter. Carillon Tower Advisers Inc. now owns 1,010,637 shares of the financial services provider’s stock worth $74,170,000 after buying an additional 52,052 shares during the last quarter. Bank of New York Mellon Corp increased its position in Green Dot by 6.9% during the third quarter. Bank of New York Mellon Corp now owns 889,505 shares of the financial services provider’s stock worth $79,004,000 after buying an additional 57,758 shares during the last quarter. Finally, KAMES CAPITAL plc increased its position in Green Dot by 146.8% during the third quarter. KAMES CAPITAL plc now owns 704,566 shares of the financial services provider’s stock worth $62,580,000 after buying an additional 419,034 shares during the last quarter. 85.26% of the stock is currently owned by institutional investors and hedge funds.

In other news, CAO Jess Unruh sold 11,043 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $85.11, for a total value of $939,869.73. Following the transaction, the chief accounting officer now owns 87,312 shares of the company’s stock, valued at $7,431,124.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven W. Streit sold 9,860 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $89.82, for a total value of $885,625.20. Following the completion of the transaction, the chief executive officer now directly owns 323,202 shares in the company, valued at approximately $29,030,003.64. The disclosure for this sale can be found here. Insiders sold 416,207 shares of company stock worth $33,920,367 in the last ninety days. 11.00% of the stock is owned by company insiders.

Green Dot stock opened at $76.88 on Friday. Green Dot Co. has a 12 month low of $54.08 and a 12 month high of $93.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $4.09 billion, a PE ratio of 48.66 and a beta of 1.06.

Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, November 7th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.25 by $0.13. Green Dot had a return on equity of 14.80% and a net margin of 11.47%. The company had revenue of $230.58 million for the quarter, compared to the consensus estimate of $223.95 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, analysts anticipate that Green Dot Co. will post 2.49 EPS for the current year.

A number of equities analysts have weighed in on GDOT shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $88.00 price target on shares of Green Dot in a research report on Thursday, August 9th. SunTrust Banks boosted their price target on Green Dot to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Citigroup boosted their price target on Green Dot from $77.00 to $93.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Jefferies Financial Group boosted their price target on Green Dot from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, Loop Capital boosted their price target on Green Dot to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 9th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $91.33.

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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.

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

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