American Century Companies Inc. Raises Position in Green Dot Co. (NYSE:GDOT)

American Century Companies Inc. grew its stake in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 42.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,041,034 shares of the financial services provider's stock after buying an additional 310,492 shares during the period. American Century Companies Inc. owned 1.94% of Green Dot worth $11,077,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP increased its stake in Green Dot by 104.2% in the 4th quarter. Quantbot Technologies LP now owns 62,800 shares of the financial services provider's stock worth $668,000 after buying an additional 32,050 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Green Dot by 118.1% in the fourth quarter. Intech Investment Management LLC now owns 43,643 shares of the financial services provider's stock worth $464,000 after acquiring an additional 23,636 shares during the period. Swiss National Bank grew its position in shares of Green Dot by 2.5% during the fourth quarter. Swiss National Bank now owns 95,100 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 2,300 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Green Dot by 2.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,372 shares of the financial services provider's stock valued at $1,525,000 after purchasing an additional 3,152 shares during the period. Finally, Amundi lifted its holdings in Green Dot by 209.4% in the 4th quarter. Amundi now owns 27,754 shares of the financial services provider's stock worth $295,000 after purchasing an additional 18,783 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

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Green Dot Price Performance

Shares of GDOT stock traded down $0.37 on Monday, reaching $7.08. The company's stock had a trading volume of 1,061,935 shares, compared to its average volume of 597,130. The company has a market capitalization of $383.68 million, a price-to-earnings ratio of -6.74 and a beta of 0.87. The stock's fifty day simple moving average is $8.23 and its 200-day simple moving average is $9.84. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. Green Dot Co. has a 1 year low of $6.12 and a 1 year high of $13.58.

Analyst Ratings Changes

GDOT has been the topic of several recent analyst reports. Barclays reduced their price objective on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research report on Monday, March 3rd. Keefe, Bruyette & Woods reduced their price target on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a report on Friday, February 28th. Finally, Craig Hallum raised shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a report on Friday, March 14th.

Green Dot Company 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.