Green Dot Co. (GDOT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Green Dot Co. (NYSE:GDOT) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,250 shares of the financial services provider’s stock after acquiring an additional 373 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Green Dot were worth $258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. grew its position in shares of Green Dot by 7.1% during the 3rd quarter. BlackRock Inc. now owns 7,745,801 shares of the financial services provider’s stock valued at $687,983,000 after acquiring an additional 514,669 shares during the period. Vanguard Group Inc. lifted its stake in shares of Green Dot by 1.3% during 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 buying an additional 71,806 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of Green Dot by 1.3% during 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 buying an additional 71,806 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Green Dot by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 889,505 shares of the financial services provider’s stock valued at $79,004,000 after buying an additional 57,758 shares in the last quarter. Finally, KAMES CAPITAL plc lifted its stake in shares of Green Dot by 25.2% during the 4th quarter. KAMES CAPITAL plc now owns 882,207 shares of the financial services provider’s stock valued at $70,144,000 after buying an additional 177,641 shares in the last quarter. 91.10% of the stock is owned by institutional investors and hedge funds.

In other news, CRO Brett Narlinger sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the sale, the executive now directly owns 76,554 shares in the company, valued at approximately $6,124,320. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jess Unruh sold 2,147 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $75.29, for a total transaction of $161,647.63. Following the completion of the sale, the insider now owns 62,930 shares in the company, valued at $4,737,999.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,609 shares of company stock worth $9,745,847. Corporate insiders own 9.70% of the company’s stock.

GDOT stock traded up $0.32 during mid-day trading on Monday, hitting $72.85. The company had a trading volume of 2,471 shares, compared to its average volume of 939,287. The stock has a market cap of $3.88 billion, a P/E ratio of 46.15 and a beta of 0.73. Green Dot Co. has a 12-month low of $54.08 and a 12-month high of $93.00. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.

A number of research firms recently weighed in on GDOT. Craig Hallum set a $115.00 target price on shares of Green Dot and gave the company a “buy” rating in a research note on Thursday, November 8th. Deutsche Bank set a $79.00 target price on shares of Green Dot and gave the company a “hold” rating in a research note on Thursday, November 8th. Citigroup set a $105.00 target price on shares of Green Dot and gave the company a “buy” rating in a research note on Friday, November 9th. Barclays began coverage on shares of Green Dot in a research note on Wednesday, November 14th. They set an “overweight” rating and a $103.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “strong-buy” rating and set a $91.00 target price on the stock in a research note on Wednesday, November 14th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $91.00.

WARNING: “Green Dot Co. (GDOT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank” was originally reported by WKRB News and is the property of of WKRB News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://www.wkrb13.com/2019/02/11/green-dot-co-gdot-shares-bought-by-zurcher-kantonalbank-zurich-cantonalbank.html.

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.

Featured Story: Why is cost of goods sold important?

Want to see what other hedge funds are holding GDOT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Green Dot Co. (NYSE:GDOT).

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

Receive News & Ratings for Green Dot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Dot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply