Wellington Management Group LLP Buys Shares of 192,466 Green Dot Co. (NYSE:GDOT)

Wellington Management Group LLP bought a new stake in Green Dot Co. (NYSE:GDOT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 192,466 shares of the financial services provider's stock, valued at approximately $2,048,000. Wellington Management Group LLP owned about 0.36% of Green Dot as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake 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 worth $14,324,000 after acquiring an additional 101,008 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Green Dot by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 331,802 shares of the financial services provider's stock worth $3,885,000 after purchasing an additional 78,547 shares during the period. Barclays PLC lifted 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 during the period. FMR LLC raised its holdings in Green Dot by 62.8% in the 3rd quarter. FMR LLC now owns 43,835 shares of the financial services provider's stock valued at $513,000 after acquiring an additional 16,917 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Green Dot by 3.0% during the 4th 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 in the last quarter. 92.56% of the stock is owned by institutional investors.

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Green Dot Stock Down 1.1 %

Shares of Green Dot stock traded down $0.09 on Tuesday, reaching $7.50. 830,471 shares of the company were exchanged, compared to its average volume of 604,543. The company has a market capitalization of $406.45 million, a price-to-earnings ratio of -7.14 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. The company has a 50-day moving average of $7.97 and a 200 day moving average of $9.61. Green Dot Co. has a one year low of $6.12 and a one year high of $13.58.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GDOT shares. 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 report on Friday, February 28th. Northland Capmk raised shares of Green Dot from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th. Barclays cut their price target 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. Craig Hallum upgraded Green Dot from a "hold" rating to a "buy" rating and set a $14.00 price target on the stock in a research report on Friday, March 14th. Finally, 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. One equities 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $10.75.

Green Dot Company 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.