Bank of America Corp DE lifted its holdings in shares of GreenSky Inc (NASDAQ:GSKY) by 90.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,912 shares of the company’s stock after purchasing an additional 70,158 shares during the period. Bank of America Corp DE’s holdings in GreenSky were worth $1,416,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GSKY. Advisor Group Inc. raised its stake in shares of GreenSky by 140.1% during the 4th quarter. Advisor Group Inc. now owns 3,446 shares of the company’s stock worth $34,000 after purchasing an additional 2,011 shares during the period. Royce & Associates LP bought a new stake in shares of GreenSky during the 4th quarter worth $55,000. JOYN Advisors Inc. raised its stake in shares of GreenSky by 76.5% during the 4th quarter. JOYN Advisors Inc. now owns 7,500 shares of the company’s stock worth $72,000 after purchasing an additional 3,250 shares during the period. Barclays PLC raised its stake in shares of GreenSky by 445.0% during the 4th quarter. Barclays PLC now owns 10,900 shares of the company’s stock worth $105,000 after purchasing an additional 8,900 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of GreenSky during the 4th quarter worth $120,000. Institutional investors own 32.71% of the company’s stock.
In related news, Director Gregg Steven Freishtat sold 3,000 shares of GreenSky stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $16.06, for a total value of $48,180.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
A number of research firms have recently commented on GSKY. JPMorgan Chase & Co. lifted their target price on GreenSky from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Wednesday. Guggenheim cut GreenSky from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $13.75 to $13.76 in a research note on Wednesday. Citigroup lifted their target price on GreenSky from $14.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, SunTrust Banks lifted their target price on GreenSky to $14.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. GreenSky has an average rating of “Hold” and an average target price of $17.87.
Shares of GSKY opened at $13.78 on Thursday. GreenSky Inc has a fifty-two week low of $8.30 and a fifty-two week high of $27.01. The stock has a market capitalization of $2.78 billion and a P/E ratio of 196.86.
GreenSky (NASDAQ:GSKY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. GreenSky had a negative return on equity of 45.61% and a net margin of 8.99%. The company had revenue of $103.70 million during the quarter, compared to analyst estimates of $103.46 million. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, analysts forecast that GreenSky Inc will post 0.69 earnings per share for the current year.
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GreenSky, Inc, a technology company, provides point-of-sale financing and payment solutions to merchants, consumers, and banks. It offers a proprietary technology infrastructure that support the full transaction lifecycle, including credit application, underwriting, real-time allocation to bank partners, document distribution, funding, settlement, and servicing functions.
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