Meta Financial Group, Inc. (CASH) Position Increased by Swiss National Bank

Swiss National Bank boosted its holdings in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 11.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,800 shares of the savings and loans company’s stock after purchasing an additional 1,500 shares during the quarter. Swiss National Bank owned about 0.16% of Meta Financial Group worth $1,317,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CASH. Wells Fargo & Company MN boosted its stake 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 valued at $490,000 after purchasing an additional 78 shares during the period. Bank of New York Mellon Corp boosted its stake in Meta Financial Group by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 54,175 shares of the savings and loans company’s stock valued at $4,794,000 after purchasing an additional 3,532 shares during the period. Victory Capital Management Inc. bought a new stake in Meta Financial Group during the 1st quarter valued at approximately $122,000. American International Group Inc. boosted its stake in Meta Financial Group by 7.1% during the 1st quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock valued at $449,000 after purchasing an additional 337 shares during the period. Finally, United Services Automobile Association boosted its stake in Meta Financial Group by 151.2% during the 1st quarter. United Services Automobile Association now owns 20,600 shares of the savings and loans company’s stock valued at $1,823,000 after purchasing an additional 12,400 shares during the period. Hedge funds and other institutional investors own 74.23% of the company’s stock.

In other news, Chairman J Tyler Haahr sold 5,000 shares of Meta Financial Group stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick V. Moore sold 450 shares of Meta Financial Group stock in a transaction that occurred 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 of the company’s stock, valued at $7,175. The disclosure for this sale can be found here. Insiders own 6.06% of the company’s stock.

Several brokerages recently weighed in on CASH. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a research note on Thursday. FBR & Co restated a “hold” rating and set a $95.00 target price on shares of Meta Financial Group in a research note on Wednesday. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $91.50.

Meta Financial Group, Inc. (NASDAQ CASH) opened at 81.45 on Friday. The firm has a 50-day moving average price of $74.19 and a 200 day moving average price of $82.26. Meta Financial Group, Inc. has a 12-month low of $60.70 and a 12-month high of $106.90. The firm has a market cap of $761.48 million, a PE ratio of 15.02 and a beta of 0.88.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, September 7th. Meta Financial Group’s dividend payout ratio is presently 9.81%.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.com-unik.info/2017/10/13/meta-financial-group-inc-cash-position-increased-by-swiss-national-bank.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.

Want to see what other hedge funds are holding CASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Financial Group, Inc. (NASDAQ:CASH).

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

What are top analysts saying about Meta Financial Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Meta Financial Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit