Renaissance Technologies LLC reduced its stake in Meta Financial Group, Inc. (NASDAQ:CASH) by 59.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,800 shares of the savings and loans company’s stock after selling 70,200 shares during the quarter. Renaissance Technologies LLC owned about 0.50% of Meta Financial Group worth $4,521,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of CASH. SG Americas Securities LLC lifted its position in shares of Meta Financial Group by 70.9% in the third quarter. SG Americas Securities LLC now owns 2,150 shares of the savings and loans company’s stock valued at $169,000 after acquiring an additional 892 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Meta Financial Group in the fourth quarter valued at $206,000. Teacher Retirement System of Texas purchased a new stake in shares of Meta Financial Group in the fourth quarter valued at $282,000. American International Group Inc. lifted its position in shares of Meta Financial Group by 27.2% in the third quarter. American International Group Inc. now owns 7,072 shares of the savings and loans company’s stock valued at $554,000 after acquiring an additional 1,512 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Meta Financial Group in the third quarter valued at $569,000. Institutional investors and hedge funds own 78.95% of the company’s stock.
Several analysts have recently issued reports on the company. B. Riley upped their price objective on Meta Financial Group from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded Meta Financial Group from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Monday, March 26th. Lake Street Capital assumed coverage on Meta Financial Group in a research report on Monday, January 8th. They issued a “buy” rating and a $120.00 price objective on the stock. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $125.00 price objective on shares of Meta Financial Group in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $117.00.
Meta Financial Group (NASDAQ:CASH) last released its earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. The firm had revenue of $58.46 million for the quarter, compared to the consensus estimate of $54.47 million. equities analysts anticipate that Meta Financial Group, Inc. will post 7.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 12th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $0.52 annualized dividend and a yield of 0.46%. Meta Financial Group’s dividend payout ratio (DPR) is presently 7.38%.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.
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