Thrivent Financial for Lutherans Buys 45,616 Shares of Green Dot Co. (NYSE:GDOT)

Thrivent Financial for Lutherans grew its stake in shares of Green Dot Co. (NYSE:GDOT – Get Rating) by 92.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,066 shares of the financial services provider’s stock after acquiring an additional 45,616 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Green Dot were worth $1,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GDOT. CWM LLC increased its holdings in Green Dot by 291.0% in the 4th quarter. CWM LLC now owns 1,685 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,254 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Green Dot by 543.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,290 shares of the financial services provider’s stock worth $52,000 after buying an additional 2,779 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Green Dot in the 2nd quarter worth about $114,000. Counterpoint Mutual Funds LLC bought a new stake in Green Dot in the 4th quarter worth about $95,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Green Dot by 9.1% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,785 shares of the financial services provider’s stock worth $129,000 after buying an additional 564 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors.

Green Dot Stock Performance

Shares of NYSE:GDOT opened at $17.58 on Monday. Green Dot Co. has a 52-week low of $14.96 and a 52-week high of $30.26. The stock has a market capitalization of $914.86 million, a price-to-earnings ratio of 15.16 and a beta of 1.07. The stock’s 50-day simple moving average is $16.72 and its two-hundred day simple moving average is $17.51.

Green Dot (NYSE:GDOT – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.24. Green Dot had a return on equity of 13.13% and a net margin of 4.20%. The firm had revenue of $336.63 million for the quarter, compared to analysts’ expectations of $320.44 million. As a group, equities analysts forecast that Green Dot Co. will post 1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GDOT has been the subject of several research analyst reports. Barclays reduced their price objective on Green Dot from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Monday, February 27th. StockNews.com began coverage on Green Dot in a report on Thursday. They issued a “hold” rating for the company. Truist Financial dropped their target price on Green Dot from $24.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. Finally, Needham & Company LLC cut Green Dot from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.43.

About Green Dot

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Green Dot Corp. is a financial technology and registered bank holding company. It engages in providing modern banking and money movement products that are accessible for all. It operates through the following segments: Consumer Services, Business to Business (B2B) Services, Money Movement Services, and Corporate and Other.