Green Dot Co. (NYSE:GDOT) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in shares of Green Dot Co. (NYSE:GDOT - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,584,651 shares of the financial services provider's stock after purchasing an additional 71,534 shares during the period. Vanguard Group Inc. owned approximately 6.66% of Green Dot worth $38,141,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Green Dot in the 4th quarter worth $84,000. New York State Common Retirement Fund grew its position in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider's stock worth $127,000 after buying an additional 4,600 shares in the last quarter. AXQ Capital LP acquired a new stake in shares of Green Dot during the fourth quarter worth approximately $166,000. Sei Investments Co. bought a new position in Green Dot during the 4th quarter valued at $217,000. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Green Dot by 12.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 2,954 shares in the last quarter. 92.56% of the stock is owned by institutional investors and hedge funds.

Green Dot Price Performance

GDOT traded down $0.09 during trading on Tuesday, reaching $7.50. The stock had a trading volume of 830,471 shares, compared to its average volume of 604,543. Green Dot Co. has a 1-year low of $6.12 and a 1-year 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. The stock has a 50 day moving average of $7.97 and a two-hundred day moving average of $9.61. The firm has a market capitalization of $406.45 million, a price-to-earnings ratio of -7.14 and a beta of 0.87.

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Analyst Upgrades and Downgrades

Several analysts have issued reports on GDOT shares. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price objective on the stock in a research note on Friday, March 14th. Northland Securities upgraded shares of Green Dot from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their target price on Green Dot from $12.00 to $10.00 and set a "market perform" rating on the stock in a research report on Friday, February 28th. Barclays reduced their target price on shares of Green Dot from $10.00 to $7.00 and set an "underweight" rating for the company in a research note on Monday, March 3rd. Finally, Northland Capmk upgraded Green Dot from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Green Dot 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.