Bank of Montreal Can lessened its holdings in Meta Financial Group Inc. (NASDAQ:CASH) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 27,704 shares of the savings and loans company’s stock after selling 3,667 shares during the period. Bank of Montreal Can’s holdings in Meta Financial Group were worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in CASH. Schwab Charles Investment Management Inc. grew its stake in Meta Financial Group by 52.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,354 shares of the savings and loans company’s stock valued at $5,105,000 after purchasing an additional 19,732 shares during the period. Legal & General Group Plc grew its stake in Meta Financial Group by 6.6% in the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after purchasing an additional 130 shares during the period. Prudential Financial Inc. bought a new position in Meta Financial Group in the 2nd quarter valued at $266,000. Wells Fargo & Company MN grew its stake in Meta Financial Group by 23.5% in the 2nd quarter. Wells Fargo & Company MN now owns 6,833 shares of the savings and loans company’s stock valued at $608,000 after purchasing an additional 1,302 shares during the period. Finally, Teachers Advisors LLC grew its stake in Meta Financial Group by 14.1% in the 2nd quarter. Teachers Advisors LLC now owns 16,123 shares of the savings and loans company’s stock valued at $1,435,000 after purchasing an additional 1,989 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.
CASH has been the topic of a number of recent research reports. BidaskClub cut Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. B. Riley upped their price target on Meta Financial Group from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Zacks Investment Research raised Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $100.00 price target on the stock in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $125.00 price target on shares of Meta Financial Group in a research report on Thursday, January 11th. Finally, FBR & Co raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Meta Financial Group presently has an average rating of “Buy” and a consensus price target of $116.60.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.25. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. The firm had revenue of $58.46 million for the quarter, compared to analysts’ expectations of $54.47 million. sell-side analysts forecast that Meta Financial Group Inc. will post 7.69 earnings per share for the current fiscal year.
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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.
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