PNC Financial Services Group Inc. reduced its stake in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,954 shares of the savings and loans company’s stock after selling 2,293 shares during the quarter. PNC Financial Services Group Inc. owned about 0.29% of Meta Financial Group worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Meta Financial Group during the second quarter valued at approximately $112,000. Victory Capital Management Inc. purchased a new position in shares of Meta Financial Group in the first quarter worth $122,000. Legal & General Group Plc lifted its holdings in shares of Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after buying an additional 130 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Meta Financial Group by 86.6% in the first quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock worth $187,000 after buying an additional 980 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Meta Financial Group in the second quarter worth $231,000. 74.23% of the stock is owned by institutional investors and hedge funds.

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A number of equities analysts recently weighed in on CASH shares. FBR & Co lowered shares of Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research report on Friday, July 28th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a report on Tuesday, June 27th. ValuEngine downgraded shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $121.00 price target on shares of Meta Financial Group in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $104.33.

Meta Financial Group, Inc. (CASH) opened at 78.40 on Monday. Meta Financial Group, Inc. has a 52 week low of $60.20 and a 52 week high of $106.90. The company’s 50-day moving average price is $71.08 and its 200-day moving average price is $83.36. The company has a market capitalization of $732.96 million, a price-to-earnings ratio of 14.45 and a beta of 0.88.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, September 7th. Meta Financial Group’s dividend payout ratio is presently 9.81%.

In related news, Director Frederick V. Moore bought 1,393 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average price of $71.70 per share, for a total transaction of $99,878.10. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at $7,170. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick V. Moore sold 450 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total transaction of $32,287.50. Following the sale, the director now directly owns 100 shares of the company’s stock, valued at approximately $7,175. The disclosure for this sale can be found here. Insiders have sold 10,450 shares of company stock valued at $842,438 over the last 90 days. 6.06% of the stock is currently owned by company insiders.

Meta Financial Group Profile

Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.

Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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