Axa Invests $675,000 in Green Dot Co. (GDOT) Stock

Axa bought a new stake in Green Dot Co. (NYSE:GDOT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,200 shares of the financial services provider’s stock, valued at approximately $675,000.

A number of other large investors also recently modified their holdings of GDOT. Nationwide Fund Advisors grew its holdings in Green Dot by 184.0% in the 3rd quarter. Nationwide Fund Advisors now owns 129,863 shares of the financial services provider’s stock valued at $6,439,000 after buying an additional 84,133 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Green Dot by 96.3% during the 3rd quarter. Prudential Financial Inc. now owns 146,215 shares of the financial services provider’s stock worth $7,249,000 after purchasing an additional 71,730 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Green Dot by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 352,312 shares of the financial services provider’s stock worth $17,468,000 after purchasing an additional 8,142 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Green Dot by 50.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 24,064 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 8,040 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Green Dot by 595.4% during the 3rd quarter. Sei Investments Co. now owns 132,240 shares of the financial services provider’s stock worth $6,556,000 after purchasing an additional 113,223 shares during the period. Institutional investors own 82.95% of the company’s stock.

GDOT stock opened at $65.10 on Friday. Green Dot Co. has a 12 month low of $32.04 and a 12 month high of $69.37. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $3,421.67, a PE ratio of 39.70 and a beta of 0.79.

Green Dot (NYSE:GDOT) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Green Dot had a return on equity of 12.32% and a net margin of 9.65%. The firm had revenue of $212.99 million for the quarter, compared to analyst estimates of $206.07 million. During the same quarter in the prior year, the company earned $0.19 EPS. Green Dot’s revenue was up 30.9% on a year-over-year basis. analysts forecast that Green Dot Co. will post 2.44 earnings per share for the current year.

GDOT has been the subject of a number of research analyst reports. Citigroup upgraded Green Dot from a “neutral” rating to a “buy” rating and increased their price target for the stock from $66.00 to $68.00 in a report on Tuesday, February 13th. William Blair reiterated an “outperform” rating on shares of Green Dot in a report on Monday, February 12th. Compass Point cut Green Dot from a “buy” rating to a “neutral” rating in a report on Tuesday, March 13th. Craig Hallum reiterated a “buy” rating and set a $75.00 price target (up from $70.00) on shares of Green Dot in a report on Thursday, February 22nd. Finally, Morgan Stanley reiterated a “hold” rating and set a $62.00 price target (up from $60.00) on shares of Green Dot in a report on Thursday, February 22nd. Six investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $63.29.

In related news, CEO Steven W. Streit sold 6,830 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $61.23, for a total transaction of $418,200.90. Following the transaction, the chief executive officer now owns 176,621 shares of the company’s stock, valued at approximately $10,814,503.83. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Mark L. Shifke sold 6,500 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $68.09, for a total value of $442,585.00. Following the transaction, the chief financial officer now directly owns 688,013 shares in the company, valued at approximately $46,846,805.17. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,540 shares of company stock worth $17,581,695. 11.00% of the stock is owned by corporate insiders.

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About Green Dot

Green Dot Corporation (Green Dot) is a pro-consumer financial technology innovator. The Company is a provider of reloadable prepaid debit cards and cash reload processing services in the United States. The Company operates through two segments: Account Services, and Processing and Settlement Services.

Institutional Ownership by Quarter for Green Dot (NYSE:GDOT)

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