CIBC Private Wealth Group LLC bought a new position in Green Dot Co. (NYSE:GDOT) in the first quarter, HoldingsChannel reports. The firm bought 5,268 shares of the financial services provider’s stock, valued at approximately $320,000.

Several other institutional investors have also bought and sold shares of the company. Oberweis Asset Management Inc. boosted its stake in shares of Green Dot by 0.4% during the 4th quarter. Oberweis Asset Management Inc. now owns 82,760 shares of the financial services provider’s stock worth $6,581,000 after buying an additional 315 shares during the last quarter. Ffcm LLC acquired a new position in shares of Green Dot during the 4th quarter worth about $27,000. Bank of Montreal Can boosted its stake in shares of Green Dot by 15.0% during the 4th quarter. Bank of Montreal Can now owns 2,628 shares of the financial services provider’s stock worth $210,000 after buying an additional 343 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of Green Dot by 3.7% during the 4th quarter. Brown Advisory Inc. now owns 10,129 shares of the financial services provider’s stock worth $806,000 after buying an additional 366 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Green Dot by 13.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,250 shares of the financial services provider’s stock worth $258,000 after buying an additional 373 shares during the last quarter. Institutional investors own 86.33% of the company’s stock.

In other news, CEO Steven W. Streit sold 7,701 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $59.91, for a total transaction of $461,366.91. Following the transaction, the chief executive officer now directly owns 54,110 shares of the company’s stock, valued at $3,241,730.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Konrad Alt sold 919 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $41.91, for a total transaction of $38,515.29. Following the transaction, the insider now directly owns 76,724 shares in the company, valued at $3,215,502.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,806 shares of company stock worth $5,458,735. Insiders own 7.80% of the company’s stock.

A number of equities research analysts have recently issued reports on GDOT shares. Zacks Investment Research cut shares of Green Dot from a “buy” rating to a “hold” rating in a report on Monday, February 11th. ValuEngine cut shares of Green Dot from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. SunTrust Banks dropped their target price on shares of Green Dot to $90.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Keefe, Bruyette & Woods raised shares of Green Dot from a “market perform” rating to an “outperform” rating in a report on Monday, April 1st. Finally, Needham & Company LLC started coverage on shares of Green Dot in a report on Friday, April 12th. They issued a “buy” rating and a $75.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Green Dot has a consensus rating of “Buy” and an average price target of $82.71.

Green Dot stock opened at $50.81 on Tuesday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 18.88 and a beta of 1.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.02. Green Dot Co. has a twelve month low of $41.67 and a twelve month high of $93.00.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.10. The firm had revenue of $340.51 million for the quarter, compared to analysts’ expectations of $330.17 million. Green Dot had a net margin of 10.56% and a return on equity of 15.74%. The business’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 EPS. As a group, equities analysts forecast that Green Dot Co. will post 2.12 earnings per share for the current fiscal year.

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Green Dot Profile

Green Dot Corporation operates as a financial technology and bank holding company in the United States. It operates in two segments, Account Services, and Processing and Settlement Services. The company offers deposit account programs, such network-branded reloadable prepaid debit cards under the consumer brand names of GPR cards, consumer and 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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