Wells Fargo & Company MN raised its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 23.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,833 shares of the savings and loans company’s stock after acquiring an additional 1,302 shares during the quarter. Wells Fargo & Company MN owned approximately 0.07% of Meta Financial Group worth $608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Legal & General Group Plc grew its position in Meta Financial Group by 6.6% in the 2nd 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 in the last quarter. AQR Capital Management LLC grew its position in Meta Financial Group by 0.4% in the 1st quarter. AQR Capital Management LLC now owns 32,982 shares of the savings and loans company’s stock valued at $2,919,000 after acquiring an additional 135 shares in the last quarter. Teachers Advisors LLC grew its position in Meta Financial Group by 2.1% in the 1st quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock valued at $1,251,000 after acquiring an additional 297 shares in the last quarter. American International Group Inc. grew its position in Meta Financial Group by 7.1% in the 1st quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock valued at $449,000 after acquiring an additional 337 shares in the last quarter. Finally, Strs Ohio grew its position in Meta Financial Group by 4.7% in the 2nd quarter. Strs Ohio now owns 9,000 shares of the savings and loans company’s stock valued at $801,000 after acquiring an additional 400 shares in the last quarter. 72.34% of the stock is owned by institutional investors.

Meta Financial Group, Inc. (CASH) opened at $85.05 on Friday. Meta Financial Group, Inc. has a 52-week low of $60.70 and a 52-week high of $106.90. The company has a market capitalization of $826.10, a PE ratio of 12.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.37 and a current ratio of 0.55.

In other news, Director Frederick V. Moore sold 450 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total transaction of $32,287.50. Following the completion of the transaction, the director now directly owns 100 shares of the company’s stock, valued at $7,175. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederick V. Moore acquired 1,393 shares of the stock in a transaction dated Wednesday, September 20th. The shares were bought at an average cost of $71.70 per share, with a total value of $99,878.10. Following the completion of the transaction, the director now owns 100 shares of the company’s stock, valued at approximately $7,170. The disclosure for this purchase can be found here. Insiders own 6.06% of the company’s stock.

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CASH has been the subject of several research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a research report on Thursday, July 27th. FBR & Co downgraded Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research report on Friday, July 28th. Zacks Investment Research downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $94.50.

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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Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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