Legal & General Group Plc Makes New Investment in Pathward Financial, Inc. $CASH

Legal & General Group Plc acquired a new stake in shares of Pathward Financial, Inc. (NASDAQ:CASH) during the second quarter, HoldingsChannel.com reports. The firm acquired 51,792 shares of the savings and loans company’s stock, valued at approximately $4,509,000.

Several other institutional investors have also modified their holdings of the stock. Revolve Wealth Partners LLC bought a new position in Pathward Financial during the fourth quarter valued at $267,437,000. Royal Bank of Canada lifted its holdings in shares of Pathward Financial by 21.2% in the 1st quarter. Royal Bank of Canada now owns 5,057 shares of the savings and loans company’s stock worth $369,000 after acquiring an additional 886 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Pathward Financial by 61.3% during the first quarter. AQR Capital Management LLC now owns 9,152 shares of the savings and loans company’s stock valued at $668,000 after buying an additional 3,479 shares during the last quarter. Millennium Management LLC grew its stake in shares of Pathward Financial by 264.1% during the first quarter. Millennium Management LLC now owns 128,645 shares of the savings and loans company’s stock valued at $9,385,000 after buying an additional 93,308 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Pathward Financial in the second quarter worth approximately $980,000. 92.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CASH shares. Keefe, Bruyette & Woods decreased their price target on Pathward Financial from $108.00 to $97.00 and set an “outperform” rating for the company in a research note on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Pathward Financial in a research report on Wednesday, August 5th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $105.00 target price (down from $107.00) on shares of Pathward Financial in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $101.00.

Pathward Financial Stock Performance

CASH stock opened at $83.19 on Friday. Pathward Financial, Inc. has a one year low of $65.87 and a one year high of $101.26. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 10.42 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.81 and a current ratio of 0.82. The firm has a 50-day simple moving average of $86.82 and a two-hundred day simple moving average of $87.62.

Pathward Financial (NASDAQ:CASH) last posted its quarterly earnings data on Wednesday, July 22nd. The savings and loans company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.58). The firm had revenue of $189.64 million for the quarter, compared to the consensus estimate of $191.18 million. Pathward Financial had a return on equity of 20.61% and a net margin of 21.03%.Pathward Financial has set its FY 2027 guidance at 9.500-10.000 EPS and its FY 2026 guidance at 7.800-8.200 EPS. On average, equities analysts forecast that Pathward Financial, Inc. will post 7.93 EPS for the current fiscal year.

Pathward Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, September 10th. Pathward Financial’s dividend payout ratio is currently 2.51%.

About Pathward Financial

Pathward Financial (NASDAQ:CASH) is a U.S.-based financial services company that operates through its wholly owned subsidiary, Pathward Bank. The company provides a range of banking and payment solutions designed for consumers, small businesses, community banks and fintech partners. Core offerings include deposit accounts, consumer and commercial lending, debit and prepaid card programs, digital banking platforms and treasury management services.

Through its banking charter, Pathward Financial delivers customizable payment solutions, including prepaid cards, payroll cards and benefit disbursement programs.