Green Dot Co. (NYSE:GDOT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in Green Dot Co. (NYSE:GDOT - Free Report) by 31.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,802 shares of the financial services provider's stock after buying an additional 78,547 shares during the period. JPMorgan Chase & Co. owned 0.62% of Green Dot worth $3,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GDOT. Quarry LP bought a new stake in Green Dot in the 2nd quarter valued at about $32,000. Torno Capital LLC purchased a new stake in Green Dot in the second quarter worth $38,000. Intech Investment Management LLC purchased a new stake in Green Dot in the 2nd quarter worth about $142,000. Magnetar Financial LLC purchased a new stake in shares of Green Dot during the 2nd quarter valued at approximately $152,000. Finally, Amalgamated Bank lifted its position in shares of Green Dot by 14.0% during the third quarter. Amalgamated Bank now owns 15,607 shares of the financial services provider's stock worth $183,000 after acquiring an additional 1,920 shares in the last quarter. Institutional investors own 92.56% of the company's stock.

Green Dot Price Performance

GDOT traded down $0.15 during trading on Friday, hitting $8.88. 532,685 shares of the stock were exchanged, compared to its average volume of 498,670. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $10.34 and a 200 day simple moving average of $10.63. Green Dot Co. has a 1 year low of $7.70 and a 1 year high of $13.58.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GDOT shares. Craig Hallum upped their price objective on shares of Green Dot from $10.00 to $11.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. Barclays lifted their price target on Green Dot from $7.00 to $10.00 and gave the stock an "underweight" rating in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $10.75.

Insider Transactions at Green Dot

In other Green Dot news, major shareholder Topline Capital Partners, Lp sold 331,339 shares of the business's stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $10.54, for a total value of $3,492,313.06. Following the completion of the transaction, the insider now directly owns 5,376,787 shares of the company's stock, valued at approximately $56,671,334.98. The trade was a 5.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Topline Capital Management, Ll sold 247,230 shares of the business's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $10.54, for a total transaction of $2,605,804.20. Following the completion of the sale, the insider now directly owns 6,088,737 shares of the company's stock, valued at approximately $64,175,287.98. The trade was a 3.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 959,180 shares of company stock valued at $10,071,696. Corporate insiders own 1.10% of the company's stock.

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.