Systematic Financial Management LP Purchases New Position in Meta Financial Group, Inc. (CASH)

Systematic Financial Management LP purchased a new position in shares of Meta Financial Group, Inc. (NASDAQ:CASH) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 19,640 shares of the savings and loans company’s stock, valued at approximately $1,748,000. Systematic Financial Management LP owned approximately 0.21% of Meta Financial Group at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CASH. SG Americas Securities LLC acquired a new stake in Meta Financial Group during the 2nd quarter worth $112,000. Victory Capital Management Inc. acquired a new stake in Meta Financial Group during the 1st quarter worth $122,000. Legal & General Group Plc raised its stake in Meta Financial Group by 6.6% during 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 in the last quarter. Bank of America Corp DE raised its stake in Meta Financial Group by 86.6% during the 1st quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock worth $187,000 after acquiring an additional 980 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Meta Financial Group during the 2nd quarter worth $231,000. Hedge funds and other institutional investors own 74.23% of the company’s stock.

Meta Financial Group, Inc. (NASDAQ:CASH) opened at 75.45 on Friday. The firm has a 50-day moving average of $71.05 and a 200-day moving average of $83.60. Meta Financial Group, Inc. has a 1-year low of $59.52 and a 1-year high of $106.90. The firm has a market capitalization of $705.38 million, a price-to-earnings ratio of 13.91 and a beta of 0.88.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a $0.13 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.69%. Meta Financial Group’s payout ratio is currently 9.81%.

In other news, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total value of $365,350.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 6.06% of the company’s stock.

CASH has been the topic of several research analyst reports. ValuEngine upgraded shares of Meta Financial Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 price objective on shares of Meta Financial Group in a research note on Thursday, July 27th. FBR & Co set a $130.00 price objective on shares of Meta Financial Group and gave the company a “buy” rating in a research note on Thursday, June 1st. Finally, Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Meta Financial Group currently has an average rating of “Hold” and an average price target of $104.33.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2017/09/16/systematic-financial-management-lp-purchases-new-position-in-meta-financial-group-inc-cash.html.

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.

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

Receive News & Ratings for Meta Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply