Amundi Boosts Stock Holdings in Green Dot Co. (NYSE:GDOT)

Amundi lifted its stake in shares of Green Dot Co. (NYSE:GDOT) by 209.4% during the fourth quarter, Holdings Channel reports. The fund owned 27,754 shares of the financial services provider’s stock after acquiring an additional 18,783 shares during the period. Amundi’s holdings in Green Dot were worth $295,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 4,600 shares during the period. Intech Investment Management LLC increased its position in shares of Green Dot by 33.1% during the third quarter. Intech Investment Management LLC now owns 20,007 shares of the financial services provider’s stock worth $234,000 after acquiring an additional 4,977 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Green Dot by 12.2% during the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 2,954 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Green Dot during the fourth quarter worth $294,000. Finally, Quantbot Technologies LP grew its stake in shares of Green Dot by 49.7% during the third quarter. Quantbot Technologies LP now owns 30,750 shares of the financial services provider’s stock worth $360,000 after purchasing an additional 10,212 shares in the last quarter. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Wall Street Analyst Weigh In

GDOT has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday, February 28th. Barclays lowered their target price on shares of Green Dot from $10.00 to $7.00 and set an “underweight” rating for the company in a research note on Monday, March 3rd. Finally, Craig Hallum upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Friday, March 14th.

Insider Transactions at Green Dot

In other news, insider Topline Capital Management, Ll sold 247,230 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the completion of the sale, the insider now owns 6,088,737 shares in the company, valued at approximately $64,175,287.98. This represents a 3.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total transaction of $3,492,313.06. Following the sale, the insider now owns 5,376,787 shares of the company’s stock, valued at $56,671,334.98. This trade represents a 5.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 959,180 shares of company stock worth $10,071,696. Company insiders own 1.10% of the company’s stock.

Green Dot Stock Performance

NYSE GDOT opened at $7.84 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58. The company has a market capitalization of $424.89 million, a PE ratio of -7.46 and a beta of 1.06. The company has a fifty day moving average of $8.39 and a two-hundred day moving average of $10.11.

Green Dot Profile

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.