The Teacher Retirement System of Texas Raises its position in Green Dot Corp. (GDOT) as a favorable investment target.

The Teacher Retirement System of Texas Raises its position in Green Dot Corp. (GDOT) as a favorable investment target.

Teacher Retirement System of Texas raised its position in Green Dot Corp. (NYSE:GDOT) by 33.1% during the second quarter, Holdings Channel reports. The fund owned 6,435 shares of the financial services provider’s stock after buying an additional 1,599 shares during the period. Teacher Retirement System of Texas’ holdings in Green Dot Corp. were worth $148,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Penserra Capital Management LLC boosted its position in Green Dot Corp. by 20.1% in the second quarter. Penserra Capital Management LLC now owns 8,192 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,371 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Green Dot Corp. by 87.6% in the second quarter. BNP Paribas Arbitrage SA now owns 14,738 shares of the financial services provider’s stock worth $339,000 after buying an additional 6,880 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Green Dot Corp. during the first quarter worth approximately $346,000. Aperio Group LLC boosted its position in Green Dot Corp. by 5.1% in the first quarter. Aperio Group LLC now owns 17,714 shares of the financial services provider’s stock worth $407,000 after buying an additional 858 shares in the last quarter. Finally, Princeton Alpha Management LP purchased a new position in Green Dot Corp. during the second quarter worth approximately $419,000. 76.62% of the stock is owned by institutional investors and hedge funds.

Shares of Green Dot Corp. (NYSE:GDOT) opened at 21.90 on Friday. The stock has a market capitalization of $1.07 billion, a P/E ratio of 32.88 and a beta of 0.95. Green Dot Corp. has a 12-month low of $15.28 and a 12-month high of $24.41. The stock has a 50 day moving average of $22.81 and a 200 day moving average of $22.86.

Green Dot Corp. (NYSE:GDOT) last posted its quarterly earnings data on Thursday, August 4th. The financial services provider reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Green Dot Corp. had a net margin of 5.01% and a return on equity of 7.80%. The business earned $173.50 million during the quarter, compared to analyst estimates of $169.27 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Green Dot Corp. will post $1.43 EPS for the current fiscal year.

Several research firms have recently commented on GDOT. Jefferies Group restated a “buy” rating and issued a $28.00 price target on shares of Green Dot Corp. in a report on Friday, August 5th. TheStreet lowered shares of Green Dot Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. JPMorgan Chase & Co. restated a “hold” rating and issued a $23.00 price target on shares of Green Dot Corp. in a report on Friday, August 5th. Deutsche Bank AG boosted their price target on shares of Green Dot Corp. from $23.00 to $25.00 and gave the company a “hold” rating in a report on Friday, August 5th. Finally, Morgan Stanley set a $23.00 price target on shares of Green Dot Corp. and gave the company a “hold” rating in a report on Friday, August 5th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.31.

In related news, Director Glinda Bridgforth-Hodges sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $23.35, for a total value of $151,775.00. Following the sale, the director now owns 9,614 shares of the company’s stock, valued at $224,486.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel John C. Ricci sold 16,582 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $23.24, for a total transaction of $385,365.68. Following the completion of the sale, the general counsel now directly owns 153,103 shares in the company, valued at approximately $3,558,113.72. The disclosure for this sale can be found here. 11.00% of the stock is currently owned by insiders.

Green Dot Corp. Company Profile

Green Dot Corporation, along with its subsidiaries, 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.

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