10,354,467 Shares in Meta Financial Group Inc. (CASH) Acquired by Pinkerton Retirement Specialists LLC
Pinkerton Retirement Specialists LLC purchased a new stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,354,467 shares of the company’s stock, valued at approximately $10,354,000. Meta Financial Group comprises approximately 4.9% of Pinkerton Retirement Specialists LLC’s investment portfolio, making the stock its 6th largest position. Pinkerton Retirement Specialists LLC owned about 121.47% of Meta Financial Group at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the stock. BlackRock Group LTD bought a new position in Meta Financial Group during the second quarter valued at $129,000. BlackRock Inc. raised its position in Meta Financial Group by 1,171.0% in the second quarter. BlackRock Inc. now owns 3,063 shares of the company’s stock valued at $156,000 after buying an additional 2,822 shares in the last quarter. BlackRock Advisors LLC raised its position in Meta Financial Group by 65.1% in the second quarter. BlackRock Advisors LLC now owns 3,866 shares of the company’s stock valued at $197,000 after buying an additional 1,524 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Meta Financial Group during the second quarter valued at $222,000. Finally, TFS Capital LLC bought a new position in Meta Financial Group during the second quarter valued at $240,000.
Meta Financial Group Inc. (NASDAQ:CASH) opened at 60.61 on Monday. Meta Financial Group Inc. has a 52 week low of $36.22 and a 52 week high of $62.62. The stock’s 50 day moving average is $60.21 and its 200 day moving average is $52.37. The firm has a market cap of $516.64 million, a price-to-earnings ratio of 15.55 and a beta of 0.51.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.18. Meta Financial Group had a net margin of 18.45% and a return on equity of 11.22%. Equities research analysts expect that Meta Financial Group Inc. will post $3.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, September 1st. Meta Financial Group’s dividend payout ratio is presently 13.54%.
CASH has been the topic of several research reports. Zacks Investment Research lowered shares of Meta Financial Group from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, September 27th. Keefe, Bruyette & Woods upped their price objective on shares of Meta Financial Group from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Monday, August 15th.
About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank. 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.
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