Hsbc Holdings PLC Buys 84,894 Shares of Green Dot Co. (NYSE:GDOT) (2024)

Posted by Defense World Staff on Jun 6th, 2024

Hsbc Holdings PLC increased its stake in shares of Green Dot Co. (NYSE:GDOT – Free Report) by 33.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 340,073 shares of the financial services provider’s stock after purchasing an additional 84,894 shares during the quarter. Hsbc Holdings PLC owned 0.65% of Green Dot worth $3,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SG Americas Securities LLC grew its stake in shares of Green Dot by 4.9% during the fourth quarter. SG Americas Securities LLC now owns 27,367 shares of the financial services provider’s stock valued at $271,000 after buying an additional 1,285 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Green Dot by 39.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 7,352 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 2,074 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Green Dot by 65.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,152 shares of the financial services provider’s stock worth $86,000 after purchasing an additional 2,434 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of Green Dot by 23.0% during the fourth quarter. Moody National Bank Trust Division now owns 14,391 shares of the financial services provider’s stock valued at $142,000 after purchasing an additional 2,695 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Green Dot by 0.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 478,777 shares of the financial services provider’s stock valued at $6,669,000 after purchasing an additional 3,110 shares during the period. Hedge funds and other institutional investors own 92.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GDOT shares. Keefe, Bruyette & Woods decreased their price objective on shares of Green Dot from $12.50 to $11.00 and set a “market perform” rating for the company in a report on Friday, April 5th. Truist Financial boosted their price target on Green Dot from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, StockNews.com upgraded Green Dot from a “sell” rating to a “hold” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.75.

Check Out Our Latest Stock Report on Green Dot

Green Dot Stock Up 0.8 %

Shares of NYSE:GDOT opened at $9.67 on Thursday. The firm has a 50 day moving average of $9.22 and a 200 day moving average of $9.02. The company has a market capitalization of $514.54 million, a price-to-earnings ratio of -20.57 and a beta of 0.98. Green Dot Co. has a 52 week low of $7.30 and a 52 week high of $21.37.

Green Dot (NYSE:GDOT – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). Green Dot had a positive return on equity of 4.48% and a negative net margin of 1.60%. The company had revenue of $447.42 million during the quarter, compared to the consensus estimate of $415.70 million. On average, sell-side analysts expect that Green Dot Co. will post 1.02 EPS for the current year.

Insider Buying and Selling at Green Dot

In related news, insider Principal Co Lp Starboard sold 75,729 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $8.58, for a total transaction of $649,754.82. Following the completion of the transaction, the insider now owns 270,207 shares in the company, valued at approximately $2,318,376.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Green Dot news, CRO Christian Devin Ruppel purchased 33,000 shares of the stock in a transaction on Monday, March 11th. The stock was acquired at an average price of $9.06 per share, with a total value of $298,980.00. Following the completion of the acquisition, the executive now owns 101,715 shares in the company, valued at $921,537.90. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Principal Co Lp Starboard sold 75,729 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $8.58, for a total value of $649,754.82. Following the sale, the insider now owns 270,207 shares in the company, valued at approximately $2,318,376.06. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Green Dot Company Profile

(Free Report)

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.

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