Ameriprise Financial Inc. trimmed its holdings in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,176 shares of the savings and loans company's stock after selling 6,661 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of Pathward Financial worth $4,575,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Pathward Financial during the fourth quarter worth about $3,734,999,000. Revolve Wealth Partners LLC acquired a new position in Pathward Financial in the fourth quarter valued at approximately $267,437,000. JPMorgan Chase & Co. boosted its holdings in Pathward Financial by 52.2% during the fourth quarter. JPMorgan Chase & Co. now owns 569,238 shares of the savings and loans company's stock worth $41,885,000 after buying an additional 195,331 shares in the last quarter. FMR LLC increased its stake in shares of Pathward Financial by 7.4% in the 4th quarter. FMR LLC now owns 2,203,603 shares of the savings and loans company's stock valued at $162,141,000 after purchasing an additional 151,316 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in Pathward Financial during the fourth quarter worth $7,343,000. 92.66% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Kendall E. Stork sold 4,000 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $79.33, for a total value of $317,320.00. Following the sale, the director now directly owns 6,153 shares in the company, valued at approximately $488,117.49. This trade represents a 39.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jennifer W. Warren sold 1,667 shares of the company's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $77.97, for a total value of $129,975.99. Following the sale, the chief accounting officer now owns 5,019 shares in the company, valued at approximately $391,331.43. This trade represents a 24.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,882 shares of company stock worth $1,403,123 in the last ninety days. 1.23% of the stock is owned by corporate insiders.
Pathward Financial Trading Down 0.1%
Shares of NASDAQ CASH traded down $0.05 during mid-day trading on Friday, reaching $77.96. 12,080 shares of the company's stock were exchanged, compared to its average volume of 196,372. Pathward Financial, Inc. has a 52-week low of $51.98 and a 52-week high of $86.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.76 and a current ratio of 0.77. The company's 50-day moving average is $75.89 and its 200-day moving average is $77.15. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 11.36 and a beta of 0.64.
Pathward Financial (NASDAQ:CASH - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.40. The firm had revenue of $262.90 million for the quarter, compared to analyst estimates of $256.30 million. Pathward Financial had a return on equity of 22.02% and a net margin of 21.91%. During the same quarter in the prior year, the company earned $2.56 EPS. Analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current fiscal year.
Pathward Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a yield of 0.26%. Pathward Financial's dividend payout ratio (DPR) is presently 2.70%.
Wall Street Analyst Weigh In
Separately, Piper Sandler upped their target price on shares of Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd.
Check Out Our Latest Stock Analysis on CASH
Pathward Financial Profile
(
Free Report)
Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.
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