Meta Financial Group Inc. (CASH) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Meta Financial Group Inc. (NASDAQ:CASH) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 467,964 shares of the savings and loans company’s stock after acquiring an additional 31,433 shares during the period. Dimensional Fund Advisors LP owned 4.86% of Meta Financial Group worth $36,689,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. 1st Global Advisors Inc. grew its holdings in shares of Meta Financial Group by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock valued at $219,000 after acquiring an additional 32 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Meta Financial Group by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 130 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Meta Financial Group by 8.2% during the 2nd quarter. Voya Investment Management LLC now owns 4,699 shares of the savings and loans company’s stock valued at $418,000 after acquiring an additional 356 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Meta Financial Group by 31.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock valued at $161,000 after acquiring an additional 430 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Meta Financial Group by 15.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 4,628 shares of the savings and loans company’s stock valued at $412,000 after acquiring an additional 620 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.

Several research firms recently issued reports on CASH. BidaskClub lowered shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. B. Riley 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 Wednesday, November 1st. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $100.00 price objective for the company in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Meta Financial Group in a research note on Thursday. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company. Meta Financial Group presently has an average rating of “Buy” and a consensus price target of $115.80.

Shares of Meta Financial Group Inc. (CASH) opened at $103.75 on Friday. 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 52 week low of $60.70 and a 52 week high of $106.74. The stock has a market cap of $1,003.69, a price-to-earnings ratio of 14.81 and a beta of 0.90.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, December 7th. Meta Financial Group’s dividend payout ratio is 10.86%.

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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.

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

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