Green Dot Co. (NYSE:GDOT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 13.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 628,935 shares of the financial services provider's stock after selling 101,095 shares during the period. Assenagon Asset Management S.A. owned 1.18% of Green Dot worth $7,365,000 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. SG Capital Management LLC acquired a new position in Green Dot during the first quarter worth approximately $4,254,000. American Century Companies Inc. increased its position in Green Dot by 79.0% during the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider's stock worth $3,049,000 after buying an additional 142,377 shares during the period. BNP Paribas Financial Markets increased its position in Green Dot by 41.4% during the first quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider's stock worth $1,471,000 after buying an additional 46,179 shares during the period. Quest Partners LLC acquired a new position in Green Dot during the second quarter worth approximately $685,000. Finally, State Board of Administration of Florida Retirement System increased its position in Green Dot by 40.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider's stock worth $174,000 after buying an additional 5,390 shares during the period. Institutional investors and hedge funds own 92.56% of the company's stock.

Insider Buying and Selling

In other news, insider Topline Capital Management, Ll acquired 36,671 shares of Green Dot stock in a transaction that occurred on Monday, September 23rd. The stock was purchased at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now owns 5,995,422 shares in the company, valued at $74,882,820.78. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Topline Capital Management, Ll purchased 36,671 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was bought at an average cost of $12.49 per share, with a total value of $458,020.79. Following the completion of the acquisition, the insider now directly owns 5,995,422 shares in the company, valued at $74,882,820.78. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Topline Capital Partners, Lp purchased 162,243 shares of the business's stock in a transaction dated Tuesday, September 24th. The stock was bought at an average cost of $11.87 per share, with a total value of $1,925,824.41. Following the completion of the acquisition, the insider now owns 6,157,665 shares of the company's stock, valued at approximately $73,091,483.55. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GDOT has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $11.00 target price on shares of Green Dot in a research note on Monday, July 22nd. Craig Hallum lifted their target price on Green Dot from $10.00 to $11.00 and gave the company a "hold" rating in a research note on Friday, October 4th. Finally, Barclays lifted their target price on Green Dot from $7.00 to $10.00 and gave the company an "underweight" rating in a research note on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $10.75.

Green Dot Stock Down 1.3 %

Shares of Green Dot stock traded down $0.15 during trading on Tuesday, reaching $11.85. The company's stock had a trading volume of 372,479 shares, compared to its average volume of 546,753. Green Dot Co. has a 12-month low of $7.30 and a 12-month high of $12.99. The company has a market capitalization of $630.54 million, a P/E ratio of -25.54 and a beta of 0.92. The business has a 50 day moving average price of $11.38 and a 200-day moving average price of $10.17.

Green Dot (NYSE:GDOT - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.02. The firm had revenue of $407.10 million for the quarter, compared to the consensus estimate of $381.87 million. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 earnings per share. Research analysts predict that Green Dot Co. will post 1 EPS for the current fiscal year.

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.