Capital Research Global Investors boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS – Free Report) by 33.5% during the fourth quarter, Holdings Channel reports. The firm owned 536,961 shares of the company’s stock after purchasing an additional 134,849 shares during the quarter. Capital Research Global Investors’ holdings in FirstCash were worth $85,581,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in FirstCash by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,096,956 shares of the company’s stock valued at $649,040,000 after purchasing an additional 83,113 shares during the period. Geode Capital Management LLC lifted its position in FirstCash by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,043,699 shares of the company’s stock valued at $166,367,000 after purchasing an additional 31,550 shares during the period. Sei Investments Co. lifted its position in FirstCash by 4.0% during the third quarter. Sei Investments Co. now owns 742,610 shares of the company’s stock valued at $117,644,000 after purchasing an additional 28,704 shares during the period. AQR Capital Management LLC increased its holdings in FirstCash by 67.6% during the third quarter. AQR Capital Management LLC now owns 623,059 shares of the company’s stock valued at $97,503,000 after buying an additional 251,305 shares during the last quarter. Finally, Northern Trust Corp raised its position in FirstCash by 0.3% in the third quarter. Northern Trust Corp now owns 539,634 shares of the company’s stock worth $85,489,000 after acquiring an additional 1,771 shares during the period. Institutional investors own 80.30% of the company’s stock.
FirstCash Stock Performance
Shares of NASDAQ FCFS opened at $223.74 on Tuesday. The firm has a fifty day moving average price of $214.18 and a 200-day moving average price of $187.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42. The stock has a market cap of $9.81 billion, a PE ratio of 28.04 and a beta of 0.52. FirstCash Holdings, Inc. has a 1 year low of $119.21 and a 1 year high of $235.97.
FirstCash Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio is 21.05%.
Analyst Ratings Changes
Several research analysts have weighed in on the stock. Weiss Ratings downgraded shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. TD Cowen increased their price target on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Canaccord Genuity Group increased their price target on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $198.00.
Read Our Latest Research Report on FCFS
Insider Transactions at FirstCash
In other news, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer directly owned 140,846 shares of the company’s stock, valued at $32,181,902.54. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $227.29, for a total transaction of $454,580.00. Following the completion of the sale, the chief financial officer directly owned 35,734 shares of the company’s stock, valued at approximately $8,121,980.86. This trade represents a 5.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 27,500 shares of company stock valued at $6,243,104. Company insiders own 2.86% of the company’s stock.
About FirstCash
FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.
In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.
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