The SECOR Capital Advisors LP Invests $358,000 in Meta Financial Group, Inc. (CASH)

The SECOR Capital Advisors LP Invests $358,000 in Meta Financial Group, Inc. (CASH)

SECOR Capital Advisors LP purchased a new stake in Meta Financial Group, Inc. (NASDAQ:CASH) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,913 shares of the company’s stock, valued at approximately $358,000. SECOR Capital Advisors LP owned 0.07% of Meta Financial Group at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC purchased a new stake in shares of Meta Financial Group during the second quarter valued at approximately $10,354,000. Ashford Capital Management Inc. increased its position in shares of Meta Financial Group by 4.4% in the second quarter. Ashford Capital Management Inc. now owns 400,450 shares of the company’s stock valued at $20,407,000 after buying an additional 17,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Meta Financial Group by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 338,962 shares of the company’s stock valued at $17,273,000 after buying an additional 44,089 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Meta Financial Group by 7.6% in the second quarter. Vanguard Group Inc. now owns 254,830 shares of the company’s stock valued at $12,987,000 after buying an additional 18,032 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of Meta Financial Group by 7.1% in the third quarter. BlackRock Fund Advisors now owns 231,848 shares of the company’s stock valued at $14,052,000 after buying an additional 15,310 shares in the last quarter. 68.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Meta Financial Group, Inc. (NASDAQ:CASH) traded down 0.10% on Wednesday, reaching $101.95. The company’s stock had a trading volume of 67,896 shares. The stock has a market capitalization of $936.72 million, a PE ratio of 26.01 and a beta of 1.01. Meta Financial Group, Inc. has a 1-year low of $36.22 and a 1-year high of $106.90. The stock has a 50-day moving average of $99.88 and a 200 day moving average of $73.26.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.73 by $0.03. Meta Financial Group had a net margin of 18.24% and a return on equity of 11.64%. On average, equities analysts forecast that Meta Financial Group, Inc. will post $6.54 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 8th were paid a $0.13 dividend. The ex-dividend date was Tuesday, December 6th. This represents a $0.52 annualized dividend and a dividend yield of 0.51%. Meta Financial Group’s payout ratio is currently 13.30%.

Several research analysts recently issued reports on the company. Zacks Investment Research upgraded Meta Financial Group from a “sell” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, October 7th. Keefe, Bruyette & Woods lifted their price objective on Meta Financial Group from $67.00 to $79.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 4th. Finally, FBR & Co assumed coverage on Meta Financial Group in a research report on Tuesday, January 10th. They set an “outperform” rating and a $130.00 price objective for the company.

In other Meta Financial Group news, President Bradley C. Hanson sold 12,664 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $101.05, for a total value of $1,279,697.20. Following the sale, the president now owns 141,058 shares in the company, valued at $14,253,910.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $103.60, for a total transaction of $518,000.00. The disclosure for this sale can be found here. 6.06% of the stock is currently owned by company insiders.

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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