Prudential Financial Inc. boosted its stake in Meta Financial Group, Inc. (NASDAQ:CASH) by 435.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,014 shares of the savings and loans company’s stock after purchasing an additional 13,024 shares during the period. Prudential Financial Inc. owned about 0.17% of Meta Financial Group worth $1,255,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Teachers Advisors LLC increased its stake in shares of Meta Financial Group by 2.1% during the first quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock valued at $1,251,000 after buying an additional 297 shares during the period. Vanguard Group Inc. increased its stake in shares of Meta Financial Group by 15.1% during the first quarter. Vanguard Group Inc. now owns 363,531 shares of the savings and loans company’s stock valued at $32,172,000 after buying an additional 47,765 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Meta Financial Group by 21.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 37,622 shares of the savings and loans company’s stock valued at $3,330,000 after buying an additional 6,675 shares during the period. Bank of America Corp DE increased its stake in shares of Meta Financial Group by 86.6% during the first quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock valued at $187,000 after buying an additional 980 shares during the period. Finally, Strs Ohio increased its stake in shares of Meta Financial Group by 4.7% during the second quarter. Strs Ohio now owns 9,000 shares of the savings and loans company’s stock valued at $801,000 after buying an additional 400 shares during the period. 76.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of Meta Financial Group, Inc. (NASDAQ:CASH) opened at $92.30 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 0.55. Meta Financial Group, Inc. has a 1 year low of $60.70 and a 1 year high of $106.90. The firm has a market capitalization of $905.26, a P/E ratio of 13.36 and a beta of 0.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.56%. Meta Financial Group’s dividend payout ratio is presently 10.86%.

In related news, Director Frederick V. Moore sold 450 shares of Meta Financial Group stock in a transaction that occurred on 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 in the company, valued at $7,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick V. Moore purchased 1,393 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were purchased 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 of the company’s stock, valued at $7,170. The disclosure for this purchase can be found here. Insiders own 6.06% of the company’s stock.

Several equities analysts have recently issued reports on CASH shares. ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. B. Riley set a $100.00 target price on Meta Financial Group and gave the company a “buy” rating in a research note on Thursday, November 16th. FBR & Co raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $95.75.

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Meta Financial Group Company 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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