JPMorgan Chase & Co. boosted its stake in Meta Financial Group Inc. (NASDAQ:CASH) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,819 shares of the company’s stock after buying an additional 2,219 shares during the period. JPMorgan Chase & Co. owned approximately 1.63% of Meta Financial Group worth $7,073,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Credit Agricole S A purchased a new stake in shares of Meta Financial Group during the first quarter valued at about $4,332,000. California Public Employees Retirement System raised its stake in shares of Meta Financial Group by 552.6% in the second quarter. California Public Employees Retirement System now owns 73,810 shares of the company’s stock valued at $3,761,000 after buying an additional 62,500 shares in the last quarter. Nantahala Capital Management LLC raised its stake in shares of Meta Financial Group by 7.3% in the first quarter. Nantahala Capital Management LLC now owns 471,198 shares of the company’s stock valued at $21,487,000 after buying an additional 31,890 shares in the last quarter. Friess Associates LLC purchased a new stake in shares of Meta Financial Group during the first quarter valued at about $606,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Meta Financial Group during the second quarter valued at about $672,000.
Shares of Meta Financial Group Inc. (NASDAQ:CASH) traded up 0.30% during trading on Friday, hitting $66.76. The company had a trading volume of 101,362 shares. The company has a market capitalization of $569.06 million, a P/E ratio of 17.12 and a beta of 0.51. Meta Financial Group Inc. has a 52 week low of $36.22 and a 52 week high of $67.00. The stock’s 50-day moving average price is $61.41 and its 200 day moving average price is $53.15.
Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Monday, July 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.18. Meta Financial Group had a return on equity of 11.22% and a net margin of 18.45%. On average, equities research analysts forecast that Meta Financial Group Inc. will post $3.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 6th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, September 1st. Meta Financial Group’s dividend payout ratio (DPR) is presently 13.54%.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Friday. Keefe, Bruyette & Woods increased their price objective on Meta Financial Group from $67.00 to $79.00 and gave the company an “outperform” rating in a research note on Tuesday, October 4th.
About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank. 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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