Brandywine Global Investment Management LLC Invests $1.16 Million in Green Dot Co. (NYSE:GDOT)

Brandywine Global Investment Management LLC acquired a new stake in Green Dot Co. (NYSE:GDOT) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 109,300 shares of the financial services provider’s stock, valued at approximately $1,163,000. Brandywine Global Investment Management LLC owned approximately 0.20% of Green Dot as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Green Dot by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 3,584,651 shares of the financial services provider’s stock valued at $38,141,000 after purchasing an additional 71,534 shares in the last quarter. State Street Corp lifted its stake in shares of Green Dot by 5.6% in the 3rd quarter. State Street Corp now owns 2,520,389 shares of the financial services provider’s stock valued at $29,514,000 after acquiring an additional 133,200 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Green Dot by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,222,996 shares of the financial services provider’s stock valued at $14,324,000 after acquiring an additional 101,008 shares in the last quarter. American Century Companies Inc. increased its holdings in Green Dot by 42.5% in the 4th quarter. American Century Companies Inc. now owns 1,041,034 shares of the financial services provider’s stock worth $11,077,000 after purchasing an additional 310,492 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in Green Dot by 135.9% in the fourth quarter. Prudential Financial Inc. now owns 660,919 shares of the financial services provider’s stock valued at $7,032,000 after purchasing an additional 380,692 shares during the last quarter. Institutional investors and hedge funds own 92.56% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Green Dot Stock Performance

Shares of GDOT stock opened at $8.80 on Thursday. The stock has a market capitalization of $477.22 million, a PE ratio of -8.38 and a beta of 1.06. The business’s 50 day simple moving average is $8.30 and its 200 day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.52 and a quick ratio of 0.52. Green Dot Co. has a one year low of $6.12 and a one year high of $13.58.

About Green Dot

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.