FMR LLC & Abigail Johnson Disclose 6.727% Stake in Pathward Financial
Ticker: CASH · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 907471
| Field | Detail |
|---|---|
| Company | Pathward Financial, INC. (CASH) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G, financial-services
TL;DR
**FMR LLC just revealed a 6.727% stake in Pathward Financial, a big vote of confidence!**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have reported a 6.727% beneficial ownership stake in Pathward Financial Inc. (formerly Meta Financial Group Inc.), totaling 1,748,329 shares of common stock. This filing, dated February 9, 2024, indicates a significant, passive investment by FMR LLC, signaling their confidence in Pathward Financial's future. This matters to investors because it shows a large, reputable institutional investor has a substantial holding, which can be seen as a vote of confidence in the company's stability and growth prospects.
Why It Matters
This filing reveals a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, hold a significant stake in Pathward Financial, which can influence market perception and potentially provide stability to the stock.
Risk Assessment
Risk Level: low — This filing indicates a passive, institutional investment, which generally reduces risk by signaling stability rather than active, potentially disruptive, shareholder engagement.
Analyst Insight
A smart investor would view this as a positive signal, suggesting institutional confidence in Pathward Financial. It might warrant further research into Pathward's fundamentals, especially if considering a long position, as large institutional holdings can provide a floor for the stock price.
Key Numbers
- 1,748,329 — Shares Beneficially Owned (Represents the total common stock shares of Pathward Financial Inc. held by FMR LLC and Abigail P. Johnson.)
- 6.727% — Percentage of Class (Indicates the significant ownership stake FMR LLC and Abigail P. Johnson have in Pathward Financial Inc.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- PATHWARD FINANCIAL, INC. (company) — subject company, issuer of common stock
- Meta Financial Group Inc. (company) — former name of Pathward Financial Inc.
- 1,748,329 (dollar_amount) — total shares beneficially owned
- 6.727% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- Pathward Financial Inc. stock may experience increased investor confidence due to FMR LLC's significant stake. (PATHWARD FINANCIAL, INC.) — medium confidence, target: next 3-6 months
FAQ
Who are the primary reporting persons in this SC 13G filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total number of shares of Pathward Financial Inc. common stock beneficially owned by the reporting persons?
The total number of shares beneficially owned by the reporting persons is 1,748,329, as indicated in Item 7 for both FMR LLC and Abigail P. Johnson, and Item 4(a) for FMR LLC.
What percentage of Pathward Financial Inc.'s common stock do the reporting persons beneficially own?
The reporting persons beneficially own 6.727% of Pathward Financial Inc.'s common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing and further specified in Item 3.
What was the former name of Pathward Financial Inc.?
Pathward Financial Inc. was formerly known as Meta Financial Group Inc., with a name change date of 20050208, as detailed in the 'FORMER COMPANY' section of the subject company data.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding PATHWARD FINANCIAL, INC. (CASH).