Green Dot Co. (GDOT) Shares Sold by PNC Financial Services Group Inc.

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PNC Financial Services Group Inc. lowered its stake in shares of Green Dot Co. (NYSE:GDOT) by 29.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 10,364 shares of the financial services provider’s stock after selling 4,388 shares during the period. PNC Financial Services Group Inc.’s holdings in Green Dot were worth $665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Swiss National Bank lifted its stake in shares of Green Dot by 1.3% in the 1st quarter. Swiss National Bank now owns 70,400 shares of the financial services provider’s stock worth $4,517,000 after purchasing an additional 900 shares during the period. ClariVest Asset Management LLC lifted its stake in shares of Green Dot by 0.6% in the 1st quarter. ClariVest Asset Management LLC now owns 155,955 shares of the financial services provider’s stock worth $10,006,000 after purchasing an additional 900 shares during the period. LS Investment Advisors LLC lifted its stake in shares of Green Dot by 70.4% in the 4th quarter. LS Investment Advisors LLC now owns 2,618 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 1,082 shares during the period. Geode Capital Management LLC lifted its stake in shares of Green Dot by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 380,867 shares of the financial services provider’s stock worth $22,950,000 after purchasing an additional 1,093 shares during the period. Finally, Comerica Bank lifted its stake in shares of Green Dot by 1.8% in the 1st quarter. Comerica Bank now owns 62,695 shares of the financial services provider’s stock worth $3,917,000 after purchasing an additional 1,101 shares during the period. Institutional investors and hedge funds own 82.58% of the company’s stock.

Green Dot opened at $77.11 on Friday, MarketBeat Ratings reports. The company has a market capitalization of $4.03 billion, a P/E ratio of 38.21 and a beta of 0.76. Green Dot Co. has a 12-month low of $37.81 and a 12-month high of $79.12. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.06.

Green Dot (NYSE:GDOT) last released its earnings results on Wednesday, May 9th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.11. Green Dot had a net margin of 12.10% and a return on equity of 14.21%. The company had revenue of $315.00 million during the quarter, compared to analyst estimates of $297.25 million. During the same period in the prior year, the firm posted $1.00 EPS. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. analysts forecast that Green Dot Co. will post 2.39 EPS for the current year.

In other Green Dot news, insider Steven W. Streit sold 32,857 shares of the stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $77.59, for a total transaction of $2,549,374.63. Following the completion of the sale, the insider now directly owns 125,775 shares of the company’s stock, valued at approximately $9,758,882.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mary Dent sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $72.98, for a total transaction of $145,960.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 537,521 shares of company stock valued at $36,572,233. Insiders own 11.00% of the company’s stock.

Several equities analysts have recently weighed in on GDOT shares. Compass Point cut shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 13th. BTIG Research cut shares of Green Dot from a “buy” rating to a “neutral” rating in a research note on Monday, June 18th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Tuesday, February 27th. Citigroup reiterated a “buy” rating on shares of Green Dot in a research note on Monday, March 26th. Finally, Loop Capital increased their target price on shares of Green Dot to $76.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Eight analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Green Dot currently has an average rating of “Buy” and an average target price of $63.64.

Green Dot 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.

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

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