Pictet Asset Management Holding SA Buys 769 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Pictet Asset Management Holding SA grew its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,972 shares of the company’s stock after acquiring an additional 769 shares during the period. Pictet Asset Management Holding SA’s holdings in FirstCash were worth $619,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp increased its stake in shares of FirstCash by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares during the period. R Squared Ltd bought a new stake in shares of FirstCash during the fourth quarter worth $92,000. Parkside Financial Bank & Trust lifted its stake in shares of FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the period. Finally, KBC Group NV boosted its holdings in FirstCash by 54.1% in the fourth quarter. KBC Group NV now owns 1,859 shares of the company’s stock valued at $193,000 after acquiring an additional 653 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This represents a 1.95 % 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 Price Performance

FCFS opened at $118.00 on Wednesday. The company has a fifty day moving average price of $115.96 and a two-hundred day moving average price of $111.14. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The firm has a market capitalization of $5.28 billion, a PE ratio of 20.59 and a beta of 0.58. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64.

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

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.29%. FirstCash’s dividend payout ratio is 26.53%.

Analyst Ratings Changes

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

About FirstCash

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.