Meta Financial Group, Inc. (CASH) Stake Held by Bessemer Group Inc.
Bessemer Group Inc. held its stake in shares of Meta Financial Group, Inc. (NASDAQ:CASH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,100 shares of the company’s stock at the end of the fourth quarter. Bessemer Group Inc.’s holdings in Meta Financial Group were worth $1,657,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CASH. Wells Fargo & Company MN boosted its stake in shares of Meta Financial Group by 25.4% in the third quarter. Wells Fargo & Company MN now owns 2,895 shares of the company’s stock valued at $175,000 after buying an additional 586 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Meta Financial Group during the third quarter valued at $201,000. First Bank & Trust purchased a new stake in shares of Meta Financial Group during the fourth quarter valued at $566,000. SECOR Capital Advisors LP purchased a new stake in shares of Meta Financial Group during the third quarter valued at $358,000. Finally, Emerald Advisers Inc. PA purchased a new stake in shares of Meta Financial Group during the third quarter valued at $378,000. 69.59% of the stock is owned by institutional investors and hedge funds.
Shares of Meta Financial Group, Inc. (NASDAQ:CASH) opened at 84.00 on Friday. Meta Financial Group, Inc. has a 52-week low of $39.30 and a 52-week high of $106.90. The stock has a market capitalization of $784.98 million, a PE ratio of 23.82 and a beta of 0.98. The stock has a 50 day moving average of $98.24 and a 200 day moving average of $79.34.
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Several equities research analysts have weighed in on the stock. FBR & Co assumed coverage on shares of Meta Financial Group in a research report on Tuesday, January 10th. They set an “outperform” rating and a $130.00 price target for the company. Zacks Investment Research cut shares of Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.
In related news, Chairman J Tyler Haahr sold 5,000 shares of the business’s stock in a transaction on Thursday, January 5th. The shares were sold at an average price of $103.60, for a total value of $518,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Bradley C. Hanson sold 12,664 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $101.05, for a total transaction of $1,279,697.20. Following the completion of the sale, the president now owns 141,058 shares in the company, valued at approximately $14,253,910.90. The disclosure for this sale can be found here. Insiders sold 22,664 shares of company stock worth $2,278,797 in the last three months. Insiders own 6.06% of the company’s stock.
About Meta Financial Group
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.
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