Green Dot Co. (NYSE:GDOT) Shares Acquired by Charles Schwab Investment Management Inc. (2024)

Charles Schwab Investment Management Inc. grew its holdings in Green Dot Co. (NYSE:GDOT – Free Report) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 749,075 shares of the financial services provider’s stock after buying an additional 81,846 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Green Dot were worth $7,416,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP acquired a new position in shares of Green Dot in the third quarter worth $7,869,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Green Dot by 32.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,772 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 3,581 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Green Dot by 1.2% in the third quarter. Hsbc Holdings PLC now owns 255,179 shares of the financial services provider’s stock worth $3,557,000 after acquiring an additional 2,933 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its stake in shares of Green Dot by 54.1% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 597,403 shares of the financial services provider’s stock worth $5,914,000 after purchasing an additional 209,818 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Green Dot by 142.0% during the fourth quarter. Russell Investments Group Ltd. now owns 70,717 shares of the financial services provider’s stock worth $700,000 after purchasing an additional 41,498 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Insider Activity at Green Dot

In related news, CRO Christian Devin Ruppel purchased 33,000 shares of Green Dot stock in a transaction that occurred on Monday, March 11th. The stock was purchased at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the transaction, the executive now directly owns 101,715 shares in the company, valued at $921,537.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Green Dot news, CRO Christian Devin Ruppel bought 33,000 shares of Green Dot stock in a transaction dated Monday, March 11th. The stock was acquired at an average cost of $9.06 per share, with a total value of $298,980.00. Following the completion of the acquisition, the executive now owns 101,715 shares of the company’s stock, valued at $921,537.90. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Principal Co Lp Starboard sold 75,729 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $8.58, for a total transaction of $649,754.82. Following the completion of the sale, the insider now directly owns 270,207 shares of the company’s stock, valued at $2,318,376.06. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Green Dot Price Performance

Shares of GDOT opened at $9.91 on Friday. Green Dot Co. has a 1-year low of $7.30 and a 1-year high of $21.37. The stock has a market cap of $527.31 million, a PE ratio of -21.09 and a beta of 1.03. The firm has a fifty day moving average price of $9.19 and a 200 day moving average price of $8.99.

Green Dot (NYSE:GDOT – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.15). Green Dot had a negative net margin of 1.60% and a positive return on equity of 4.48%. The company had revenue of $447.42 million during the quarter, compared to analysts’ expectations of $415.70 million. As a group, equities analysts expect that Green Dot Co. will post 1.04 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on GDOT. Keefe, Bruyette & Woods lowered their target price on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a research note on Friday, April 5th. Truist Financial boosted their target price on shares of Green Dot from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, StockNews.com upgraded shares of Green Dot from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $10.75.

View Our Latest Report on Green Dot

Green Dot Company Profile

(Free Report)

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.

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