New York State Teachers Retirement System Has $321,000 Position in Meta Financial Group, Inc. (CASH)

New York State Teachers Retirement System increased its position in Meta Financial Group, Inc. (NASDAQ:CASH) by 485.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,100 shares of the savings and loans company’s stock after acquiring an additional 3,400 shares during the quarter. New York State Teachers Retirement System’s holdings in Meta Financial Group were worth $321,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. purchased a new stake in Meta Financial Group in the 3rd quarter worth approximately $339,000. Boston Advisors LLC increased its holdings in Meta Financial Group by 66.6% in the 3rd quarter. Boston Advisors LLC now owns 49,847 shares of the savings and loans company’s stock worth $3,908,000 after acquiring an additional 19,932 shares in the last quarter. LS Investment Advisors LLC purchased a new stake in Meta Financial Group in the 3rd quarter worth approximately $152,000. Ashford Capital Management Inc. increased its holdings in Meta Financial Group by 1.0% in the 2nd quarter. Ashford Capital Management Inc. now owns 284,574 shares of the savings and loans company’s stock worth $25,327,000 after acquiring an additional 2,813 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in Meta Financial Group by 15.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 4,628 shares of the savings and loans company’s stock worth $412,000 after acquiring an additional 620 shares in the last quarter. 73.28% of the stock is owned by institutional investors.

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

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Several research firms recently issued reports on CASH. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 target price on shares of Meta Financial Group in a report on Thursday, October 12th. Zacks Investment Research raised shares of Meta Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. FBR & Co reaffirmed a “hold” rating and set a $95.00 price objective on shares of Meta Financial Group in a report on Wednesday, October 11th. Finally, ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $94.50.

Shares of Meta Financial Group, Inc. (NASDAQ CASH) opened at $85.10 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.20. Meta Financial Group, Inc. has a fifty-two week low of $60.70 and a fifty-two week high of $106.90. The stock has a market cap of $821.77, a P/E ratio of 12.18 and a beta of 0.89.

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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Institutional Ownership by Quarter for Meta Financial Group (NASDAQ:CASH)

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