SG Americas Securities LLC grew its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 70.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,150 shares of the savings and loans company’s stock after acquiring an additional 892 shares during the period. SG Americas Securities LLC’s holdings in Meta Financial Group were worth $169,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Meta Financial Group by 5.0% during the second quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock valued at $33,970,000 after acquiring an additional 18,144 shares in the last quarter. Ashford Capital Management Inc. raised its stake in shares of Meta Financial Group by 1.0% during the second quarter. Ashford Capital Management Inc. now owns 284,574 shares of the savings and loans company’s stock valued at $25,327,000 after acquiring an additional 2,813 shares in the last quarter. State Street Corp raised its stake in Meta Financial Group by 0.7% in the second quarter. State Street Corp now owns 155,087 shares of the savings and loans company’s stock worth $13,805,000 after buying an additional 1,083 shares in the last quarter. Northern Trust Corp raised its stake in Meta Financial Group by 7.8% in the second quarter. Northern Trust Corp now owns 133,071 shares of the savings and loans company’s stock worth $11,843,000 after buying an additional 9,653 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Meta Financial Group by 7.8% in the second quarter. Stifel Financial Corp now owns 118,494 shares of the savings and loans company’s stock worth $10,590,000 after buying an additional 8,585 shares in the last quarter. 76.89% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the stock. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 20th. B. Riley set a $100.00 price objective on shares of Meta Financial Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research downgraded shares of Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. FBR & Co raised shares of 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 Tuesday, October 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $88.00 price objective on shares of Meta Financial Group in a research note on Thursday, October 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $95.75.

Meta Financial Group Inc. (CASH) opened at $92.90 on Tuesday. The company has a market cap of $884.68, a P/E ratio of 19.35 and a beta of 0.90. Meta Financial Group Inc. has a 12 month low of $60.70 and a 12 month high of $106.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors 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%.

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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.

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

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