Federated Hermes Inc. Has $939,000 Position in Green Dot Co. (NYSE:GDOT)

Federated Hermes Inc. lessened its holdings in Green Dot Co. (NYSE:GDOT - Free Report) by 32.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,217 shares of the financial services provider's stock after selling 43,007 shares during the quarter. Federated Hermes Inc. owned 0.16% of Green Dot worth $939,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GDOT. FMR LLC grew its stake in Green Dot by 62.8% in the third quarter. FMR LLC now owns 43,835 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 16,917 shares in the last quarter. State Street Corp grew its stake in shares of Green Dot by 5.6% in the third quarter. State Street Corp now owns 2,520,389 shares of the financial services provider's stock valued at $29,514,000 after buying an additional 133,200 shares in the last quarter. Barclays PLC grew its stake in shares of Green Dot by 342.0% in the third quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock valued at $1,036,000 after buying an additional 68,481 shares in the last quarter. Geode Capital Management LLC increased its holdings in Green Dot by 9.0% during the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock worth $14,324,000 after buying an additional 101,008 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Green Dot by 11.8% during the third quarter. Principal Financial Group Inc. now owns 253,130 shares of the financial services provider's stock worth $2,964,000 after acquiring an additional 26,676 shares in the last quarter. Institutional investors and hedge funds own 92.56% of the company's stock.

Green Dot Stock Performance

Shares of GDOT traded up $0.20 during midday trading on Monday, reaching $7.62. 567,325 shares of the stock were exchanged, compared to its average volume of 604,926. The stock's 50 day simple moving average is $7.83 and its 200 day simple moving average is $9.50. The company has a market cap of $413.23 million, a P/E ratio of -7.26 and a beta of 0.87. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Northland Securities raised shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods reduced their target price on 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 dropped their price target on Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a research note on Monday, March 3rd. Northland Capmk raised Green Dot from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 9th. Finally, Craig Hallum upgraded shares of Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $10.75.

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.