Citigroup Inc. Acquires 19,749 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Citigroup Inc. boosted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 137.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,143 shares of the company’s stock after purchasing an additional 19,749 shares during the quarter. Citigroup Inc.’s holdings in FirstCash were worth $3,920,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of FirstCash during the 2nd quarter worth $54,000. CWM LLC increased its holdings in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock worth $65,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC increased its holdings in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after purchasing an additional 202 shares in the last quarter. Quarry LP increased its holdings in FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in FirstCash in the 3rd quarter worth about $133,000. 80.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on FCFS shares. TD Cowen cut their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target for the company.

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Richard Rippel sold 3,374 shares of FirstCash stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total transaction of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares of the company’s stock, valued at $567,540,367.86. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,974 shares of company stock valued at $688,080. 14.77% of the stock is owned by corporate insiders.

FirstCash Price Performance

FirstCash stock opened at $106.58 on Wednesday. The business has a fifty day moving average price of $109.40 and a 200-day moving average price of $111.71. FirstCash Holdings, Inc. has a one year low of $101.62 and a one year high of $133.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23. The firm has a market capitalization of $4.77 billion, a P/E ratio of 19.74 and a beta of 0.65.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same quarter in the previous year, the business earned $1.56 EPS. FirstCash’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts forecast that FirstCash Holdings, Inc. will post 6.61 EPS for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.38 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.43%. FirstCash’s dividend payout ratio is currently 28.15%.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. 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.