Jane Street Group LLC Sells 7,135 Shares of Pathward Financial, Inc. (NASDAQ:CASH)

Jane Street Group LLC trimmed its position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,578 shares of the savings and loans company's stock after selling 7,135 shares during the period. Jane Street Group LLC owned about 0.17% of Pathward Financial worth $3,059,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CASH. AdvisorShares Investments LLC bought a new position in Pathward Financial during the 4th quarter worth approximately $444,000. Northern Trust Corp grew its position in Pathward Financial by 1.1% during the 4th quarter. Northern Trust Corp now owns 268,016 shares of the savings and loans company's stock worth $19,721,000 after acquiring an additional 2,854 shares during the last quarter. Tudor Investment Corp ET AL grew its position in Pathward Financial by 31.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 87,016 shares of the savings and loans company's stock worth $6,403,000 after acquiring an additional 20,905 shares during the last quarter. Aquatic Capital Management LLC grew its position in Pathward Financial by 11.1% during the 4th quarter. Aquatic Capital Management LLC now owns 5,333 shares of the savings and loans company's stock worth $392,000 after acquiring an additional 533 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Pathward Financial during the 4th quarter worth approximately $1,795,000. 92.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on Pathward Financial from $91.00 to $94.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 23rd.

Pathward Financial Trading Down 0.3%

Shares of CASH stock traded down $0.28 during trading hours on Monday, reaching $81.15. The company's stock had a trading volume of 130,396 shares, compared to its average volume of 197,308. The stock has a market capitalization of $1.94 billion, a P/E ratio of 11.83 and a beta of 0.64. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.04. The firm's fifty day simple moving average is $75.04 and its 200 day simple moving average is $77.10. Pathward Financial, Inc. has a one year low of $51.97 and a one year high of $86.00.

Pathward Financial (NASDAQ:CASH - Get Free Report) last released its earnings results on Tuesday, April 22nd. The savings and loans company reported $3.11 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.40. The company had revenue of $262.90 million during the quarter, compared to analysts' expectations 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 last year, the business posted $2.56 EPS. Equities research analysts expect that Pathward Financial, Inc. will post 7.26 EPS for the current year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Thursday, March 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Thursday, March 13th. Pathward Financial's payout ratio is presently 2.70%.

Insider Activity

In other Pathward Financial news, Director Kendall E. Stork sold 4,000 shares of Pathward Financial stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $79.33, for a total transaction of $317,320.00. Following the completion of the transaction, the director now owns 6,153 shares in the company, valued at approximately $488,117.49. The trade was a 39.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett L. Pharr sold 10,365 shares of the company's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $78.07, for a total value of $809,195.55. Following the transaction, the chief executive officer now directly owns 69,750 shares in the company, valued at approximately $5,445,382.50. The trade was a 12.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,882 shares of company stock worth $1,403,123 in the last quarter. 1.23% of the stock is owned by company insiders.

About Pathward Financial

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.