William Blair Investment Management LLC increased its position in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 50.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,649 shares of the savings and loans company’s stock after purchasing an additional 49,809 shares during the period. William Blair Investment Management LLC owned 0.38% of Meta Financial Group worth $12,286,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CASH. Cranbrook Wealth Management LLC bought a new stake in Meta Financial Group during the third quarter worth approximately $11,318,000. WINTON GROUP Ltd raised its holdings in Meta Financial Group by 1,321.0% during the third quarter. WINTON GROUP Ltd now owns 100,605 shares of the savings and loans company’s stock worth $8,315,000 after purchasing an additional 93,525 shares in the last quarter. BlackRock Inc. raised its holdings in Meta Financial Group by 6.1% during the second quarter. BlackRock Inc. now owns 1,312,771 shares of the savings and loans company’s stock worth $127,863,000 after purchasing an additional 76,038 shares in the last quarter. Millennium Management LLC bought a new stake in Meta Financial Group during the second quarter worth approximately $5,084,000. Finally, Osterweis Capital Management Inc. bought a new stake in Meta Financial Group during the second quarter worth approximately $4,793,000. 21.44% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ CASH opened at $21.05 on Thursday. Meta Financial Group Inc. has a twelve month low of $20.91 and a twelve month high of $39.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $829.52 million, a price-to-earnings ratio of 7.49 and a beta of 1.06.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 11th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Monday, December 10th. Meta Financial Group’s payout ratio is 7.12%.
CASH has been the topic of several recent research reports. BidaskClub upgraded shares of Meta Financial Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 5th. Zacks Investment Research upgraded shares of Meta Financial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. B. Riley decreased their price target on shares of Meta Financial Group from $33.33 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, September 13th. Raymond James decreased their price target on shares of Meta Financial Group from $40.00 to $36.67 and set a “strong-buy” rating on the stock in a research report on Monday, September 17th. Finally, ValuEngine lowered shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.11.
Meta Financial Group Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.
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