PNC Financial Services Group Inc. Trims Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

PNC Financial Services Group Inc. trimmed its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 17.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,873 shares of the company’s stock after selling 623 shares during the quarter. PNC Financial Services Group Inc.’s holdings in FirstCash were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after acquiring an additional 1,037,601 shares in the last quarter. State Street Corp increased its holdings in FirstCash by 2.1% in the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after acquiring an additional 28,415 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock valued at $58,076,000 after buying an additional 123,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock valued at $53,866,000 after buying an additional 21,685 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in FirstCash by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock valued at $40,164,000 after buying an additional 30,948 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stephens reaffirmed an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

Insider Activity at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by insiders.

FirstCash Trading Down 0.5 %

Shares of FCFS opened at $116.87 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The company has a 50 day simple moving average of $113.74 and a two-hundred day simple moving average of $110.92. The firm has a market cap of $5.23 billion, a P/E ratio of 20.40 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

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.