Green Dot Co. (NYSE:GDOT) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Green Dot Co. (NYSE:GDOT) by 42.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,041,034 shares of the financial services provider’s stock after acquiring an additional 310,492 shares during the quarter. American Century Companies Inc.’s holdings in Green Dot were worth $11,077,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Swiss National Bank boosted its stake in Green Dot by 2.5% during the 4th quarter. Swiss National Bank now owns 95,100 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 2,300 shares during the period. Illinois Municipal Retirement Fund raised its holdings in shares of Green Dot by 12.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 27,070 shares of the financial services provider’s stock valued at $288,000 after buying an additional 2,954 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Green Dot by 2.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 143,372 shares of the financial services provider’s stock worth $1,525,000 after buying an additional 3,152 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Green Dot by 63.1% during the fourth quarter. New York State Common Retirement Fund now owns 11,892 shares of the financial services provider’s stock worth $127,000 after buying an additional 4,600 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Green Dot by 33.1% during the 3rd quarter. Intech Investment Management LLC now owns 20,007 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 4,977 shares during the last quarter. 92.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GDOT shares. Barclays lowered their target price on Green Dot from $10.00 to $7.00 and set an “underweight” rating on the stock in a research note on Monday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of Green Dot from $12.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday, February 28th. Finally, Craig Hallum upgraded shares of Green Dot from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, March 14th.

Green Dot Price Performance

Shares of GDOT opened at $8.80 on Thursday. The firm has a market capitalization of $477.22 million, a PE ratio of -8.38 and a beta of 1.06. The stock’s 50 day moving average is $8.30 and its two-hundred day moving average is $9.96. Green Dot Co. has a twelve month low of $6.12 and a twelve month high of $13.58. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 0.05.

Green Dot Profile

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.