Bank of New York Mellon Corp increased its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 7.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 54,175 shares of the savings and loans company’s stock after buying an additional 3,532 shares during the period. Bank of New York Mellon Corp owned 0.59% of Meta Financial Group worth $4,794,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can bought a new position in Meta Financial Group during the first quarter valued at $3,104,000. Dimensional Fund Advisors LP increased its stake in shares of Meta Financial Group by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 420,331 shares of the savings and loans company’s stock worth $43,252,000 after buying an additional 33,724 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Meta Financial Group by 24.6% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 156,195 shares of the savings and loans company’s stock worth $13,823,000 after buying an additional 30,868 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of Meta Financial Group during the fourth quarter worth $2,700,000. Finally, Allianz Asset Management AG purchased a new position in shares of Meta Financial Group during the fourth quarter worth $2,097,000. 74.16% of the stock is owned by institutional investors and hedge funds.
Meta Financial Group, Inc. (NASDAQ:CASH) traded up 3.92% during midday trading on Thursday, reaching $74.30. The company’s stock had a trading volume of 162,504 shares. The firm has a 50-day moving average price of $88.43 and a 200 day moving average price of $88.70. The stock has a market capitalization of $694.63 million, a price-to-earnings ratio of 13.70 and a beta of 0.89. Meta Financial Group, Inc. has a 52-week low of $54.13 and a 52-week high of $106.90.
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A number of research analysts have commented on CASH shares. FBR & Co cut Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research note on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $121.00 price target on shares of Meta Financial Group in a research note on Wednesday, April 5th. BidaskClub raised Meta Financial Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine raised Meta Financial Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research raised Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $104.33.
In other news, Director Elizabeth G. Hoople acquired 1,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was bought at an average cost of $83.63 per share, for a total transaction of $83,630.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at approximately $334,520. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman J Tyler Haahr sold 5,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $86.27, for a total transaction of $431,350.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,440 shares of company stock valued at $1,355,336. 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.
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