Meta Financial Group, Inc. (NASDAQ:CASH) Shares Sold by Great West Life Assurance Co. Can


Share on StockTwits

Great West Life Assurance Co. Can cut its stake in shares of Meta Financial Group, Inc. (NASDAQ:CASH) by 9.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,188 shares of the savings and loans company’s stock after selling 3,838 shares during the period. Great West Life Assurance Co. Can owned approximately 0.10% of Meta Financial Group worth $676,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Globeflex Capital L P grew its holdings in shares of Meta Financial Group by 3.0% in the third quarter. Globeflex Capital L P now owns 30,820 shares of the savings and loans company’s stock valued at $592,000 after purchasing an additional 896 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Meta Financial Group by 5.8% in the third quarter. State of Tennessee Treasury Department now owns 19,356 shares of the savings and loans company’s stock valued at $372,000 after purchasing an additional 1,056 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Meta Financial Group by 62.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 4,494 shares of the savings and loans company’s stock valued at $86,000 after purchasing an additional 1,723 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Meta Financial Group by 14.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 17,443 shares of the savings and loans company’s stock worth $335,000 after acquiring an additional 2,238 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in Meta Financial Group by 7.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 32,392 shares of the savings and loans company’s stock worth $622,000 after acquiring an additional 2,370 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Several research firms have commented on CASH. Zacks Investment Research cut shares of Meta Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 29th. Keefe, Bruyette & Woods upgraded shares of Meta Financial Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $28.00 to $33.00 in a report on Thursday, October 29th. TheStreet upgraded shares of Meta Financial Group from a “c+” rating to a “b-” rating in a report on Friday, December 4th. Piper Sandler boosted their price objective on shares of Meta Financial Group from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, October 29th. Finally, B. Riley boosted their price objective on shares of Meta Financial Group from $42.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, January 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.00.

CASH stock opened at $38.53 on Thursday. The company has a fifty day moving average price of $35.99 and a 200 day moving average price of $25.48. Meta Financial Group, Inc. has a 12 month low of $13.09 and a 12 month high of $41.00. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 13.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.76 and a quick ratio of 0.72.

Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Wednesday, October 28th. The savings and loans company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.18 by $0.20. Meta Financial Group had a net margin of 19.66% and a return on equity of 10.41%. The firm had revenue of $105.26 million during the quarter, compared to the consensus estimate of $96.60 million. As a group, analysts anticipate that Meta Financial Group, Inc. will post 3.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Thursday, December 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, December 9th. This represents a $0.20 annualized dividend and a yield of 0.52%. Meta Financial Group’s dividend payout ratio (DPR) is 8.23%.

In other Meta Financial Group news, Director Michael Robert Kramer sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $34.02, for a total transaction of $340,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Glen William Herrick sold 9,270 shares of the company’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $30.00, for a total transaction of $278,100.00. Following the transaction, the chief financial officer now owns 190,319 shares of the company’s stock, valued at approximately $5,709,570. The disclosure for this sale can be found here. In the last quarter, insiders sold 77,872 shares of company stock valued at $2,720,667. 4.67% of the stock is owned by insiders.

About Meta Financial Group

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts; term lending, asset based lending, factoring, lease financing, insurance premium financing, warehouse financing, and healthcare receivables loans; and consumer credit products.

See Also: Special Purpose Acquisition Company (SPAC)

Want to see what other hedge funds are holding CASH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Financial Group, Inc. (NASDAQ:CASH).

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

Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.