Bank of New York Mellon Corp Buys 55,590 Shares of Meta Financial Group Inc. (CASH)

Bank of New York Mellon Corp increased its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 115.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,779 shares of the savings and loans company’s stock after purchasing an additional 55,590 shares during the quarter. Bank of New York Mellon Corp owned about 1.08% of Meta Financial Group worth $8,137,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 1st Global Advisors Inc. increased its stake in Meta Financial Group by 1.3% in the 2nd quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after buying an additional 32 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of 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. Voya Investment Management LLC lifted its holdings in shares of Meta Financial Group by 8.2% in the 2nd quarter. Voya Investment Management LLC now owns 4,699 shares of the savings and loans company’s stock worth $418,000 after acquiring an additional 356 shares during the last quarter. Victory Capital Management Inc. lifted its holdings 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 acquiring an additional 430 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of 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 during the last quarter. Institutional investors own 76.89% of the company’s stock.

Several equities analysts have recently commented on the stock. BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday. 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. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, B. Riley set a $100.00 target price on shares of Meta Financial Group and gave the stock a “buy” rating in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $95.75.

Shares of Meta Financial Group Inc. (CASH) opened at $91.05 on Thursday. The stock has a market cap of $889.31, a price-to-earnings ratio of 18.97 and a beta of 0.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20. Meta Financial Group Inc. has a twelve month low of $60.70 and a twelve month high of $106.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.57%. Meta Financial Group’s dividend payout ratio is currently 10.83%.

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

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