California State Teachers Retirement System Sells 400 Shares of Meta Financial Group, Inc. (CASH)

California State Teachers Retirement System lessened its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,864 shares of the savings and loans company’s stock after selling 400 shares during the period. California State Teachers Retirement System owned 0.17% of Meta Financial Group worth $1,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northpointe Capital LLC acquired a new stake in shares of Meta Financial Group in the second quarter valued at about $6,380,000. Vanguard Group Inc. increased its stake in shares of Meta Financial Group by 15.1% in the first quarter. Vanguard Group Inc. now owns 363,531 shares of the savings and loans company’s stock valued at $32,172,000 after buying an additional 47,765 shares during the period. Boston Advisors LLC acquired a new stake in shares of Meta Financial Group in the second quarter valued at about $2,662,000. William Blair Investment Management LLC increased its stake in shares of Meta Financial Group by 42.2% in the second quarter. William Blair Investment Management LLC now owns 96,422 shares of the savings and loans company’s stock valued at $8,582,000 after buying an additional 28,601 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Meta Financial Group in the second quarter valued at about $2,132,000. 71.36% of the stock is owned by institutional investors and hedge funds.

Shares of Meta Financial Group, Inc. (NASDAQ CASH) opened at $88.85 on Tuesday. The firm has a market capitalization of $842.46, a PE ratio of 12.49 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.55 and a quick ratio of 0.37. Meta Financial Group, Inc. has a one year low of $60.70 and a one year high of $106.90.

Several equities research analysts have recently weighed in on CASH shares. ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. B. Riley raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Wednesday, November 1st. FBR & Co raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 price target on shares of Meta Financial Group in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $95.75.

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In other Meta Financial Group news, Director Frederick V. Moore bought 1,393 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average price of $71.70 per share, with a total value of $99,878.10. Following the completion of the purchase, the director now directly owns 100 shares of the company’s stock, valued at approximately $7,170. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederick V. Moore sold 450 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total value of $32,287.50. Following the sale, the director now directly owns 100 shares of the company’s stock, valued at approximately $7,175. The disclosure for this sale can be found here. Corporate insiders own 6.06% of the company’s stock.

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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