Meta Financial Group Inc. (CASH) Position Boosted by First Trust Advisors LP
First Trust Advisors LP boosted its position in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,953 shares of the company’s stock after buying an additional 35 shares during the period. First Trust Advisors LP owned about 0.14% of Meta Financial Group worth $609,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Credit Agricole S A purchased a new position in Meta Financial Group during the first quarter worth approximately $4,332,000. JPMorgan Chase & Co. raised its position in Meta Financial Group by 159.2% in the first quarter. JPMorgan Chase & Co. now owns 136,600 shares of the company’s stock worth $6,229,000 after buying an additional 83,900 shares during the period. California Public Employees Retirement System raised its position in Meta Financial Group by 552.6% in the second quarter. California Public Employees Retirement System now owns 73,810 shares of the company’s stock worth $3,761,000 after buying an additional 62,500 shares during the period. Nantahala Capital Management LLC raised its position in Meta Financial Group by 7.3% in the first quarter. Nantahala Capital Management LLC now owns 471,198 shares of the company’s stock worth $21,487,000 after buying an additional 31,890 shares during the period. Finally, Friess Associates LLC purchased a new position in Meta Financial Group during the first quarter worth approximately $606,000.
Shares of Meta Financial Group Inc. (NASDAQ:CASH) traded down 0.12% during trading on Tuesday, hitting $67.44. 11,867 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $61.71 and its 200-day moving average price is $53.45. The stock has a market cap of $574.86 million, a PE ratio of 17.30 and a beta of 0.51. Meta Financial Group Inc. has a 1-year low of $36.22 and a 1-year high of $67.87.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ 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%. On average, equities analysts expect that Meta Financial Group Inc. will post $3.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, September 1st. Meta Financial Group’s payout ratio is presently 13.54%.
A number of equities analysts have commented on CASH shares. Keefe, Bruyette & Woods boosted their price target on shares of Meta Financial Group from $67.00 to $79.00 and gave the company an “outperform” rating in a research report on Tuesday, October 4th. Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th.
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. 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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