Symphony Asset Management Holds Holding in Green Dot Cl A (GDOT); Mariner Wealth Advisors Trimmed Its Procter And Gamble Co (PG) Stake by $30.09 Million as Market Value Declined

April 24, 2018 - By Vivian Park

Green Dot Corporation (NYSE:GDOT) Logo

Symphony Asset Management Llc increased its stake in Green Dot Corp Cl A (GDOT) by 31.29% based on its latest 2017Q4 regulatory filing with the SEC. Symphony Asset Management Llc bought 8,096 shares as the company’s stock rose 5.83% while stock markets declined. The institutional investor held 33,972 shares of the consumer services company at the end of 2017Q4, valued at $2.05M, up from 25,876 at the end of the previous reported quarter. Symphony Asset Management Llc who had been investing in Green Dot Corp Cl A for a number of months, seems to be bullish on the $3.26 billion market cap company. The stock increased 0.69% or $0.43 during the last trading session, reaching $62.92. About 210,156 shares traded. Green Dot Corporation (NYSE:GDOT) has risen 97.84% since April 24, 2017 and is uptrending. It has outperformed by 86.29% the S&P500.

Mariner Wealth Advisors Llc decreased its stake in Procter And Gamble Co (PG) by 64.16% based on its latest 2017Q4 regulatory filing with the SEC. Mariner Wealth Advisors Llc sold 330,647 shares as the company’s stock declined 15.56% with the market. The institutional investor held 184,675 shares of the package goods and cosmetics company at the end of 2017Q4, valued at $16.97M, down from 515,322 at the end of the previous reported quarter. Mariner Wealth Advisors Llc who had been investing in Procter And Gamble Co for a number of months, seems to be less bullish one the $183.57 billion market cap company. The stock decreased 1.08% or $0.8 during the last trading session, reaching $73. About 13.65M shares traded or 28.64% up from the average. The Procter & Gamble Company (NYSE:PG) has declined 14.03% since April 24, 2017 and is downtrending. It has underperformed by 25.58% the S&P500.

Symphony Asset Management Llc, which manages about $16.99B and $984.02 million US Long portfolio, decreased its stake in Comerica Inc Com (NYSE:CMA) by 4,583 shares to 30,495 shares, valued at $2.65M in 2017Q4, according to the filing. It also reduced its holding in Spirit Airls Inc Com (NASDAQ:SAVE) by 13,192 shares in the quarter, leaving it with 24,824 shares, and cut its stake in Red Hat Inc Com (NYSE:RHT).

Investors sentiment increased to 1.49 in 2017 Q4. Its up 0.11, from 1.38 in 2017Q3. It improved, as 11 investors sold GDOT shares while 67 reduced holdings. 42 funds opened positions while 74 raised stakes. 40.03 million shares or 2.12% more from 39.20 million shares in 2017Q3 were reported. California State Teachers Retirement stated it has 0.01% in Green Dot Corporation (NYSE:GDOT). Symphony Asset Limited Co reported 0.21% stake. Vanguard Gru holds 0.01% or 5.19 million shares. Smith Graham & Inv Advisors LP owns 283,841 shares. 203,700 were reported by Bogle Investment Mgmt LP De. Millennium Ltd Liability Corp invested 0.02% of its portfolio in Green Dot Corporation (NYSE:GDOT). Blair William & Il holds 7,920 shares or 0% of its portfolio. Barrow Hanley Mewhinney & Strauss Ltd Liability reported 0.01% in Green Dot Corporation (NYSE:GDOT). Piedmont Inv Advsrs Limited Liability Corporation holds 9,401 shares or 0.01% of its portfolio. Parkside Bancorp And reported 0% stake. Origin Asset Management Limited Liability Partnership invested 0.02% in Green Dot Corporation (NYSE:GDOT). Boston Advisors Limited Com invested in 0.31% or 237,150 shares. Jacobs Levy Equity Mgmt Inc invested in 227,573 shares or 0.24% of the stock. Pitcairn Company invested in 0.05% or 8,438 shares. Guggenheim Capital Ltd Com owns 22,896 shares or 0% of their US portfolio.

Since December 11, 2017, it had 0 insider purchases, and 26 selling transactions for $24.58 million activity. Archer Kuan also sold $759,223 worth of Green Dot Corporation (NYSE:GDOT) on Thursday, February 1. The insider Bridgforth-Hodges Glinda sold $583,170. Shifke Mark L sold $396,606 worth of stock or 6,500 shares. Dent Mary sold $457,616 worth of stock. $780,018 worth of stock was sold by Unruh Jess on Tuesday, January 2.

Among 18 analysts covering Green Dot (NYSE:GDOT), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Green Dot had 51 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, August 9, the company rating was upgraded by Lake Street. The rating was maintained by Jefferies on Monday, November 13 with “Buy”. Compass Point downgraded the stock to “Neutral” rating in Tuesday, March 13 report. Deutsche Bank maintained Green Dot Corporation (NYSE:GDOT) rating on Wednesday, August 9. Deutsche Bank has “Hold” rating and $42 target. Deutsche Bank maintained it with “Hold” rating and $23 target in Thursday, February 25 report. Northland Capital maintained the stock with “Buy” rating in Tuesday, September 26 report. The stock has “Market Perform” rating by Cowen & Co on Wednesday, September 30. As per Friday, March 18, the company rating was downgraded by BTIG Research. Craig Hallum maintained the stock with “Buy” rating in Thursday, February 22 report. The firm earned “Buy” rating on Monday, February 26 by Guggenheim.

Since November 15, 2017, it had 0 buys, and 7 sales for $6.85 million activity. The insider TASTAD CAROLYN M sold 1,935 shares worth $152,724. Shares for $1.93M were sold by Fish Kathleen B on Thursday, February 15. 37,776 shares were sold by Schomburger Jeffrey K, worth $3.07 million. Pritchard Marc S. sold $668,179 worth of stock or 8,502 shares. FergusonMchugh MaryLynn sold $184,924 worth of stock.

Mariner Wealth Advisors Llc, which manages about $2.11 billion and $2.58 billion US Long portfolio, upped its stake in Fedex Corp (NYSE:FDX) by 1,209 shares to 6,798 shares, valued at $1.70 million in 2017Q4, according to the filing. It also increased its holding in Amerisourcebergen Corp (NYSE:ABC) by 6,483 shares in the quarter, for a total of 39,810 shares, and has risen its stake in Cognizant Technology Solutio (NASDAQ:CTSH).

Green Dot Corporation (NYSE:GDOT) Institutional Positions Chart

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