Bank of America Corp DE increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Rating) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 970,338 shares of the company’s stock after buying an additional 6,239 shares during the period. Bank of America Corp DE owned about 2.10% of FirstCash worth $84,332,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of FirstCash in the fourth quarter valued at approximately $42,000. Quadrant Capital Group LLC increased its position in FirstCash by 32.4% during the third quarter. Quadrant Capital Group LLC now owns 605 shares of the company’s stock worth $44,000 after purchasing an additional 148 shares during the last quarter. CI Investments Inc. acquired a new position in FirstCash during the fourth quarter worth approximately $56,000. Covestor Ltd increased its position in FirstCash by 87.3% during the first quarter. Covestor Ltd now owns 691 shares of the company’s stock worth $49,000 after purchasing an additional 322 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in FirstCash by 620.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 778 shares of the company’s stock worth $68,000 after purchasing an additional 670 shares during the last quarter. Institutional investors and hedge funds own 78.78% of the company’s stock.
Insider Activity
In other FirstCash news, SVP Raul Ramos sold 10,050 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $102.19, for a total transaction of $1,027,009.50. Following the transaction, the senior vice president now directly owns 52,450 shares in the company, valued at approximately $5,359,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FirstCash news, SVP Raul Ramos sold 10,050 shares of the stock in a transaction on Friday, May 12th. The shares were sold at an average price of $102.19, for a total transaction of $1,027,009.50. Following the transaction, the senior vice president now directly owns 52,450 shares in the company, valued at approximately $5,359,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 7,500 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $104.00, for a total transaction of $780,000.00. Following the transaction, the chief financial officer now owns 57,234 shares in the company, valued at $5,952,336. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,600 shares of company stock worth $4,898,253. 19.35% of the stock is currently owned by company insiders.
FirstCash Price Performance
FirstCash (NASDAQ:FCFS – Get Rating) last announced its earnings results on Thursday, April 27th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.04. The business had revenue of $762.74 million during the quarter, compared to the consensus estimate of $725.91 million. FirstCash had a net margin of 9.64% and a return on equity of 13.38%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 earnings per share. Equities research analysts anticipate that FirstCash Holdings, Inc. will post 5.52 earnings per share for the current fiscal year.
FirstCash Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, May 12th. This represents a $1.32 annualized dividend and a dividend yield of 1.32%. FirstCash’s dividend payout ratio (DPR) is presently 22.72%.
Analysts Set New Price Targets
Several brokerages recently commented on FCFS. Wedbush upped their price target on shares of FirstCash from $90.00 to $110.00 in a research report on Monday, May 1st. Barclays upped their price target on shares of FirstCash from $108.00 to $125.00 in a research report on Friday, April 28th. Loop Capital increased their price objective on shares of FirstCash from $90.00 to $105.00 in a research report on Monday, May 1st. StockNews.com raised shares of FirstCash from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Finally, Credit Suisse Group increased their price objective on shares of FirstCash from $91.00 to $100.00 in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.
FirstCash Company Profile
FirstCash Holdings, Inc operates retail pawn stores in the United States and Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments, and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.
Featured Articles
- Get a free copy of the StockNews.com research report on FirstCash (FCFS)
- MarketBeat Week in Review – 5/29 – 6/2
- Trading Channel Breakout in Lululemon Brought by Earnings
- What Should Investors Make of These 3 Dividend Cuts?
- Constellation Brands Taps into Growth: Analysts Bullish on Stock
- CrowdStrike: Another Tech Stock to Buy on the Dip
Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Holdings, Inc. (NASDAQ:FCFS – Get Rating).
Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.
