QS Investors LLC maintained its position in shares of Meta Financial Group, Inc. (NASDAQ:CASH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,132 shares of the savings and loans company’s stock at the end of the second quarter. QS Investors LLC owned about 0.32% of Meta Financial Group worth $2,682,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in Meta Financial Group by 1.4% during the first 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 in the last quarter. Legal & General Group Plc raised its stake in Meta Financial Group by 6.6% during the second 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. AQR Capital Management LLC raised its stake in Meta Financial Group by 0.4% during the first 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 in the last quarter. Teachers Advisors LLC raised its stake in Meta Financial Group by 2.1% during the first 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 in the last quarter. Finally, American International Group Inc. raised its stake in Meta Financial Group by 7.1% during the first 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 in the last quarter. Hedge funds and other institutional investors own 74.23% of the company’s stock.

Meta Financial Group, Inc. (NASDAQ CASH) opened at 78.15 on Friday. The firm’s 50-day moving average price is $72.63 and its 200 day moving average price is $82.48. Meta Financial Group, Inc. has a 1-year low of $60.70 and a 1-year high of $106.90. The firm has a market capitalization of $730.62 million, a price-to-earnings ratio of 14.41 and a beta of 0.88.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.67%. Meta Financial Group’s payout ratio is 9.81%.

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In other news, Director Frederick V. Moore sold 450 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 100 shares in the company, valued at approximately $7,175. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total value of $365,350.00. The disclosure for this sale can be found here. Corporate insiders own 6.06% of the company’s stock.

CASH has been the subject of several recent analyst reports. ValuEngine lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a research note on Thursday, July 27th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, FBR & Co lowered 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 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 stock. The stock has a consensus rating of “Hold” and an average target price of $108.00.

Meta Financial Group Company Profile

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)

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