JPMorgan Chase & Co. Acquires 132,553 Shares of Green Dot Co. (NYSE:GDOT)

JPMorgan Chase & Co. raised its holdings in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 39.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 464,355 shares of the financial services provider's stock after acquiring an additional 132,553 shares during the period. JPMorgan Chase & Co. owned approximately 0.86% of Green Dot worth $4,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GDOT. Geode Capital Management LLC lifted its holdings in shares of Green Dot by 9.0% in the third quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider's stock valued at $14,324,000 after purchasing an additional 101,008 shares in the last quarter. Barclays PLC lifted its position in shares of Green Dot by 342.0% during the 3rd quarter. Barclays PLC now owns 88,504 shares of the financial services provider's stock worth $1,036,000 after buying an additional 68,481 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Green Dot by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 260,772 shares of the financial services provider's stock worth $2,775,000 after purchasing an additional 7,642 shares during the last quarter. Empowered Funds LLC raised its position in Green Dot by 5.1% during the 4th quarter. Empowered Funds LLC now owns 185,482 shares of the financial services provider's stock worth $1,974,000 after purchasing an additional 9,044 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Green Dot in the fourth quarter valued at about $294,000. 92.56% of the stock is currently owned by institutional investors.

Green Dot Trading Down 0.0 %

NYSE GDOT traded down $0.00 during trading on Thursday, hitting $8.00. The company had a trading volume of 28,868 shares, compared to its average volume of 603,678. The company's fifty day moving average is $7.77 and its 200-day moving average is $9.48. The company has a market cap of $433.73 million, a price-to-earnings ratio of -7.60 and a beta of 0.87. 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 one year low of $6.12 and a one year high of $13.58.

Wall Street Analyst Weigh In

GDOT has been the subject of several research analyst reports. Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a research note on Wednesday, April 9th. Barclays cut their price target on Green Dot from $10.00 to $7.00 and set an "underweight" rating on the stock in a report on Monday, March 3rd. Craig Hallum raised Green Dot from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a research report on Friday, March 14th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lowered 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 report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

About Green Dot

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.