Symphony Asset Management LLC Takes Position in Meta Financial Group, Inc. (CASH)
Symphony Asset Management LLC purchased a new position in Meta Financial Group, Inc. (NASDAQ:CASH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,164 shares of the savings and loans company’s stock, valued at approximately $371,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Meta Financial Group in the second quarter valued at $112,000. Victory Capital Management Inc. bought a new position in Meta Financial Group in the first quarter valued at $122,000. Legal & General Group Plc increased its stake in Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 130 shares during the last quarter. Bank of America Corp DE increased its stake in Meta Financial Group by 86.6% in 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 acquiring an additional 980 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Meta Financial Group in the second quarter valued at $231,000. 74.23% of the stock is currently owned by hedge funds and other institutional investors.
Meta Financial Group, Inc. (NASDAQ CASH) opened at 75.45 on Friday. The company has a market cap of $705.38 million, a PE ratio of 13.91 and a beta of 0.88. The company has a 50-day moving average price of $71.05 and a 200-day moving average price of $83.60. Meta Financial Group, Inc. has a 1-year low of $59.52 and a 1-year high of $106.90.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 7th. Meta Financial Group’s payout ratio is currently 9.81%.
CASH has been the topic of a number of research analyst reports. FBR & Co cut Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Friday, July 28th. BidaskClub raised Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research raised Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 target price on the stock in a research note on Tuesday, June 27th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a research note on Monday, June 26th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $104.33.
In other Meta Financial Group news, Chairman J Tyler Haahr sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total value of $365,350.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.06% of the stock is owned by insiders.
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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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