BNP Paribas Arbitrage SA grew its holdings in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 405.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,699 shares of the savings and loans company’s stock after purchasing an additional 3,769 shares during the period. BNP Paribas Arbitrage SA’s holdings in Meta Financial Group were worth $368,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Meta Financial Group in the 2nd quarter worth $112,000. LS Investment Advisors LLC purchased a new position in Meta Financial Group in the 3rd quarter worth $152,000. Victory Capital Management Inc. raised its stake in 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 acquiring an additional 430 shares during the last quarter. Legal & General Group Plc raised 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 worth $186,000 after acquiring an additional 130 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Meta Financial Group by 86.6% during the 1st quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock valued at $187,000 after buying an additional 980 shares during the last quarter. Institutional investors own 76.89% of the company’s stock.
Meta Financial Group Inc. (CASH) traded down $0.15 on Tuesday, reaching $92.50. 82,332 shares of the company’s stock were exchanged, compared to its average volume of 85,050. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.55 and a quick ratio of 0.55. Meta Financial Group Inc. has a twelve month low of $60.70 and a twelve month high of $106.90. The stock has a market cap of $887.38, a price-to-earnings ratio of 19.27 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders 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 0.56%. The ex-dividend date is Thursday, December 7th. Meta Financial Group’s dividend payout ratio (DPR) is 10.83%.
A number of equities analysts have weighed in on CASH shares. Zacks Investment Research lowered Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. B. Riley upgraded Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Wednesday, November 1st. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a research report on Thursday, October 12th. Finally, FBR & Co restated a “hold” rating and set a $95.00 target price on shares of Meta Financial Group in a research report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $95.75.
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Meta Financial Group 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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