Nationwide Fund Advisors Sells 6,131 Shares of Meta Financial Group Inc. (CASH)

Nationwide Fund Advisors cut its holdings in Meta Financial Group Inc. (NASDAQ:CASH) by 17.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,635 shares of the savings and loans company’s stock after selling 6,131 shares during the period. Nationwide Fund Advisors owned approximately 0.32% of Meta Financial Group worth $2,323,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in Meta Financial Group in the second quarter worth $112,000. Victory Capital Management Inc. boosted its holdings in Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after purchasing an additional 430 shares in the last quarter. LS Investment Advisors LLC bought a new stake in Meta Financial Group in the third quarter worth $152,000. Legal & General Group Plc boosted its holdings in Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after purchasing an additional 130 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Meta Financial Group by 86.6% in the first quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock worth $187,000 after purchasing an additional 980 shares in the last quarter. Hedge funds and other institutional investors own 76.89% of the company’s stock.

Shares of Meta Financial Group Inc. (NASDAQ:CASH) opened at $94.90 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Meta Financial Group Inc. has a fifty-two week low of $60.70 and a fifty-two week high of $106.90. The stock has a market cap of $913.48, a PE ratio of 13.48 and a beta of 0.90.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, December 7th. Meta Financial Group’s dividend payout ratio (DPR) is 10.86%.

A number of brokerages recently issued reports on CASH. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $88.00 price objective on shares of Meta Financial Group in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday. B. Riley set a $100.00 price target on shares of Meta Financial Group and gave the company a “buy” rating in a report on Thursday, November 16th. Finally, FBR & Co restated a “hold” rating and set a $95.00 price target on shares of Meta Financial Group in a report on Wednesday, October 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $95.75.

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About Meta Financial Group

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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