OxFORD Asset Management LLP acquired a new stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,194 shares of the savings and loans company’s stock, valued at approximately $569,000. OxFORD Asset Management LLP owned 0.07% of Meta Financial Group at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of CASH. Malaga Cove Capital LLC purchased a new stake in shares of Meta Financial Group in the 3rd quarter worth about $111,000. SG Americas Securities LLC purchased a new stake in shares of Meta Financial Group in the 2nd quarter worth about $112,000. LS Investment Advisors LLC purchased a new stake in shares of Meta Financial Group in the 3rd quarter worth about $152,000. Victory Capital Management Inc. grew its position in shares of Meta Financial Group by 31.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after buying an additional 430 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Meta Financial Group in the 3rd quarter worth about $165,000. 76.89% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Zacks Investment Research downgraded shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley raised shares of Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $88.00 target price on shares of Meta Financial Group in a research report on Thursday, October 12th. Finally, FBR & Co raised shares of Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $95.75.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 8th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, December 7th. Meta Financial Group’s payout ratio is 10.83%.
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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.
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