Bank of New York Mellon Corp lowered its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,189 shares of the savings and loans company’s stock after selling 5,986 shares during the period. Bank of New York Mellon Corp owned 0.52% of Meta Financial Group worth $4,289,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Meta Financial Group by 71.8% in the second quarter. First Trust Advisors LP now owns 42,948 shares of the savings and loans company’s stock worth $3,822,000 after acquiring an additional 17,946 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Meta Financial Group by 1.4% in the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after acquiring an additional 78 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Meta Financial Group by 0.4% in the first quarter. AQR Capital Management LLC now owns 32,982 shares of the savings and loans company’s stock worth $2,919,000 after acquiring an additional 135 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Meta Financial Group by 21.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 37,622 shares of the savings and loans company’s stock worth $3,330,000 after acquiring an additional 6,675 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Meta Financial Group in the second quarter worth approximately $231,000. Institutional investors and hedge funds own 74.23% of the company’s stock.

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A number of research firms have recently weighed in on CASH. ValuEngine lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a report on Thursday, July 27th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, FBR & Co lowered Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Meta Financial Group currently has an average rating of “Hold” and a consensus target price of $108.00.

In related news, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total value of $365,350.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederick V. Moore acquired 1,393 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average cost 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 approximately $7,170. The disclosure for this purchase can be found here. Corporate insiders own 6.06% of the company’s stock.

Meta Financial Group, Inc. (CASH) opened at 78.85 on Friday. The stock has a 50 day moving average price of $72.91 and a 200-day moving average price of $82.41. The company has a market cap of $737.17 million, a price-to-earnings ratio of 14.54 and a beta of 0.88. Meta Financial Group, Inc. has a 12-month low of $60.70 and a 12-month high of $106.90.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were given a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.52 annualized dividend and a yield of 0.66%. Meta Financial Group’s dividend payout ratio (DPR) is presently 9.81%.

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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