FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,112,978 shares of the company’s stock after acquiring an additional 22,009 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of FirstCash worth $426,105,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FCFS. State Street Corp raised its holdings in FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company’s stock valued at $159,196,000 after buying an additional 28,415 shares during the period. Sei Investments Co. increased its position in shares of FirstCash by 5.4% in the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company’s stock worth $67,193,000 after acquiring an additional 33,040 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of FirstCash by 28.2% in 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 acquiring an additional 123,386 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 21,685 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 worth $40,164,000 after purchasing an additional 30,948 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Trading Up 0.6 %

FCFS opened at $121.05 on Wednesday. The firm’s 50 day moving average is $114.90 and its 200-day moving average is $110.95. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $5.42 billion, a P/E ratio of 21.13 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared 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 yield of 1.26%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio is currently 26.53%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at FirstCash

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

FirstCash Company 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.