Northern Trust Corp boosted its position in Meta Financial Group Inc. (NASDAQ:CASH) by 100.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,446 shares of the savings and loans company’s stock after purchasing an additional 201,013 shares during the quarter. Northern Trust Corp’s holdings in Meta Financial Group were worth $7,784,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CASH. Bank of New York Mellon Corp boosted its position in shares of Meta Financial Group by 4.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 112,593 shares of the savings and loans company’s stock worth $9,305,000 after acquiring an additional 4,521 shares in the last quarter. BlackRock Inc. boosted its position in shares of Meta Financial Group by 2.8% during the 3rd quarter. BlackRock Inc. now owns 1,349,139 shares of the savings and loans company’s stock worth $111,507,000 after acquiring an additional 36,368 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Meta Financial Group by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 517,584 shares of the savings and loans company’s stock worth $42,778,000 after acquiring an additional 4,497 shares in the last quarter. United Services Automobile Association boosted its position in shares of Meta Financial Group by 45.0% during the 3rd quarter. United Services Automobile Association now owns 12,614 shares of the savings and loans company’s stock worth $1,043,000 after acquiring an additional 3,915 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Meta Financial Group during the 3rd quarter worth approximately $256,000. Institutional investors and hedge funds own 64.83% of the company’s stock.
In other Meta Financial Group news, Director William David Tull sold 77,878 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $21.21, for a total value of $1,651,792.38. Following the sale, the director now owns 71,025 shares in the company, valued at $1,506,440.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sheree Thornsberry sold 10,863 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $19.43, for a total transaction of $211,068.09. Following the completion of the sale, the executive vice president now owns 20,090 shares in the company, valued at approximately $390,348.70. The disclosure for this sale can be found here. Insiders sold 112,741 shares of company stock worth $2,381,260 in the last 90 days. Company insiders own 7.69% of the company’s stock.
NASDAQ CASH opened at $21.56 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The company has a market cap of $861.33 million, a P/E ratio of 7.67 and a beta of 1.28. Meta Financial Group Inc. has a 1 year low of $17.84 and a 1 year high of $38.87.
Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Monday, January 28th. The savings and loans company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The company had revenue of $98.02 million during the quarter, compared to analyst estimates of $98.55 million. Equities analysts expect that Meta Financial Group Inc. will post 2.34 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a $0.05 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Meta Financial Group’s dividend payout ratio is currently 7.12%.
Several research firms recently issued reports on CASH. Zacks Investment Research lowered shares of Meta Financial Group from a “hold” rating to a “strong sell” rating in a research report on Monday, March 25th. BidaskClub upgraded shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $35.67.
Meta Financial Group Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.
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