Stifel Financial Corp boosted its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 7.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,494 shares of the savings and loans company’s stock after buying an additional 8,585 shares during the period. Stifel Financial Corp owned approximately 1.27% of Meta Financial Group worth $10,590,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Trust Advisors LP increased its holdings in Meta Financial Group by 71.8% in the 2nd quarter. First Trust Advisors LP now owns 42,948 shares of the savings and loans company’s stock worth $3,822,000 after buying an additional 17,946 shares during the period. Wells Fargo & Company MN raised its position in Meta Financial Group by 1.4% during the 1st quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after buying an additional 78 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its position in Meta Financial Group by 22.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 73,396 shares of the savings and loans company’s stock worth $6,532,000 after buying an additional 13,270 shares during the last quarter. AQR Capital Management LLC raised its position in Meta Financial Group by 0.4% during 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 buying an additional 135 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Meta Financial Group by 21.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 37,622 shares of the savings and loans company’s stock worth $3,330,000 after buying an additional 6,675 shares during the last quarter. Hedge funds and other institutional investors own 74.23% of the company’s stock.

In related news, Director Frederick V. Moore sold 450 shares of the stock in a transaction on Tuesday, September 19th. The shares were 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 owns 100 shares in the company, valued at approximately $7,175. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederick V. Moore purchased 1,393 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were acquired at an average price of $71.70 per share, with a total value of $99,878.10. Following the purchase, the director now owns 100 shares in the company, valued at $7,170. The disclosure for this purchase can be found here. Insiders sold a total of 10,450 shares of company stock worth $842,438 over the last ninety days. Corporate insiders own 6.06% of the company’s stock.

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Several analysts have commented on the stock. BidaskClub cut shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $121.00 price objective on shares of Meta Financial Group in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, 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 report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Meta Financial Group has a consensus rating of “Hold” and an average target price of $104.33.

Meta Financial Group, Inc. (CASH) opened at 79.55 on Tuesday. The firm has a market cap of $743.71 million, a PE ratio of 14.67 and a beta of 0.88. The stock has a 50 day moving average price of $72.08 and a 200 day moving average price of $82.63. Meta Financial Group, Inc. has a one year low of $60.70 and a one year high of $106.90.

The firm 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 0.65%. Meta Financial Group’s dividend payout ratio (DPR) is presently 9.81%.

Meta Financial Group 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.

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

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