Martingale Asset Management L P Sells 101 Shares of Meta Financial Group, Inc. (CASH)

Martingale Asset Management L P trimmed its holdings in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,707 shares of the savings and loans company’s stock after selling 101 shares during the period. Martingale Asset Management L P owned about 0.56% of Meta Financial Group worth $4,691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN grew its stake in Meta Financial Group by 1.4% in the 1st quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after acquiring an additional 78 shares during the period. Legal & General Group Plc grew its stake 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 worth $186,000 after acquiring an additional 130 shares during the period. AQR Capital Management LLC grew its stake 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 worth $2,919,000 after acquiring an additional 135 shares during the period. Teachers Advisors LLC grew its stake 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 worth $1,251,000 after acquiring an additional 297 shares during the period. Finally, American International Group Inc. grew its stake 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 worth $449,000 after acquiring an additional 337 shares during the period. 74.23% of the stock is owned by institutional investors and hedge funds.

Several analysts have commented on the stock. FBR & Co cut shares of Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a research note on Friday, July 28th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a research note on Thursday, July 27th. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 26th. Finally, Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Meta Financial Group presently has a consensus rating of “Hold” and an average price target of $104.33.

Shares of Meta Financial Group, Inc. (NASDAQ CASH) opened at 76.95 on Friday. The stock has a market capitalization of $719.41 million, a PE ratio of 14.19 and a beta of 0.88. Meta Financial Group, Inc. has a 1-year low of $59.52 and a 1-year high of $106.90. The firm has a 50-day moving average of $71.53 and a 200 day moving average of $83.68.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.13 per share. The ex-dividend date is Thursday, September 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.68%. Meta Financial Group’s dividend payout ratio is currently 9.81%.

In other news, Chairman J Tyler Haahr sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total transaction of $365,350.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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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Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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