Brandywine Global Investment Management LLC Purchases New Holdings in Green Dot Co. (NYSE:GDOT)

Brandywine Global Investment Management LLC acquired a new position in shares of Green Dot Co. (NYSE:GDOT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 109,300 shares of the financial services provider's stock, valued at approximately $1,163,000. Brandywine Global Investment Management LLC owned approximately 0.20% of Green Dot at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Green Dot by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider's stock worth $38,141,000 after buying an additional 71,534 shares in the last quarter. State Street Corp lifted its holdings in shares of Green Dot by 5.6% during the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider's stock worth $29,514,000 after acquiring an additional 133,200 shares during the period. Geode Capital Management LLC boosted its position in shares of Green Dot by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock valued at $14,324,000 after acquiring an additional 101,008 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Green Dot by 42.5% during the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider's stock valued at $11,077,000 after acquiring an additional 310,492 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in Green Dot by 135.9% in the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider's stock valued at $7,032,000 after acquiring an additional 380,692 shares during the period. 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 during trading hours on Monday, hitting $7.08. 1,061,935 shares of the company's stock were exchanged, compared to its average volume of 597,131. Green Dot Co. has a 52 week low of $6.12 and a 52 week high of $13.58. The stock has a market cap of $383.68 million, a price-to-earnings ratio of -6.74 and a beta of 0.87. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. The stock's 50-day moving average is $8.23 and its 200-day moving average is $9.84.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GDOT shares. Craig Hallum raised 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. Barclays cut their price target on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a report on Monday, March 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research note on Friday, February 28th.

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.