American International Group Inc. grew its position in Green Dot Co. (NYSE:GDOT) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,825 shares of the financial services provider’s stock after buying an additional 1,167 shares during the quarter. American International Group Inc. owned 0.07% of Green Dot worth $3,360,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of GDOT. Bank of Montreal Can purchased a new stake in shares of Green Dot in the 2nd quarter worth $165,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Green Dot in the 3rd quarter worth $165,000. Cynosure Advisors LLC purchased a new stake in shares of Green Dot in the 2nd quarter worth $280,000. Clarus Wealth Advisors purchased a new stake in shares of Green Dot in the 3rd quarter worth $287,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Green Dot in the 2nd quarter worth $305,000. Institutional investors and hedge funds own 85.75% of the company’s stock.

In related news, insider Steven W. Streit sold 29,580 shares of the company’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $87.21, for a total transaction of $2,579,671.80. Following the transaction, the insider now directly owns 283,762 shares of the company’s stock, valued at approximately $24,746,884.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Steven W. Streit sold 9,860 shares of the company’s stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $72.54, for a total value of $715,244.40. Following the transaction, the chief executive officer now directly owns 112,059 shares in the company, valued at $8,128,759.86. The disclosure for this sale can be found here. Insiders have sold a total of 441,485 shares of company stock worth $35,856,617 over the last ninety days. 11.00% of the stock is currently owned by corporate insiders.

GDOT has been the subject of several research reports. Zacks Investment Research upgraded Green Dot from a “hold” rating to a “strong-buy” rating and set a $91.00 target price for the company in a report on Wednesday, November 14th. Citigroup set a $105.00 price target on Green Dot and gave the stock a “buy” rating in a research report on Friday, November 9th. Barclays initiated coverage on Green Dot in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $103.00 price target for the company. Craig Hallum reissued a “buy” rating on shares of Green Dot in a research report on Friday, September 14th. Finally, Deutsche Bank set a $79.00 price target on Green Dot and gave the stock a “hold” rating in a research report on Thursday, November 8th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $91.33.

GDOT opened at $79.00 on Monday. The firm has a market capitalization of $4.16 billion, a PE ratio of 50.00 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. Green Dot Co. has a 12 month low of $54.08 and a 12 month high of $93.00.

Green Dot (NYSE:GDOT) last announced its earnings results on Wednesday, November 7th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.13. Green Dot had a return on equity of 14.80% and a net margin of 11.47%. The company had revenue of $230.58 million for the quarter, compared to analyst estimates of $223.95 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts expect that Green Dot Co. will post 2.49 earnings per share for the current year.

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Green Dot Company Profile

Green Dot Corporation, together with its subsidiaries, operates as a pro-consumer bank holding company that provides personal banking for the masses. It operates through two segments, Account Services and Processing, and Settlement Services. The company offers deposit as account programs, such reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer checking accounts, small business checking accounts, network-branded gift cards, secured credit cards, and other financial services.

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

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