American International Group Inc. Trims Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

American International Group Inc. trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,399 shares of the company’s stock after selling 2,219 shares during the quarter. American International Group Inc. owned about 0.15% of FirstCash worth $7,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of FirstCash in the 4th quarter worth about $51,000. Headinvest LLC purchased a new position in shares of FirstCash in the 3rd quarter worth about $50,000. GAMMA Investing LLC purchased a new position in shares of FirstCash in the 4th quarter worth about $69,000. Parkside Financial Bank & Trust boosted its holdings in shares of FirstCash by 39.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 701 shares of the company’s stock worth $70,000 after purchasing an additional 200 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of FirstCash by 16.2% in the 3rd quarter. Covestor Ltd now owns 985 shares of the company’s stock worth $99,000 after purchasing an additional 137 shares in the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 720,950 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total transaction of $85,000,005.00. Following the completion of the transaction, the director now owns 4,746,023 shares of the company’s stock, valued at approximately $559,556,111.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $116.53, for a total value of $233,060.00. Following the completion of the transaction, the chief financial officer now owns 92,715 shares of the company’s stock, valued at approximately $10,804,078.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Richard Rippel sold 720,950 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $117.90, for a total value of $85,000,005.00. Following the completion of the transaction, the director now directly owns 4,746,023 shares of the company’s stock, valued at approximately $559,556,111.70. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on FCFS. BTIG Research began coverage on FirstCash in a report on Friday, June 7th. They issued a “neutral” rating for the company. TD Cowen upgraded FirstCash from a “hold” rating to a “buy” rating and increased their target price for the company from $130.00 to $145.00 in a report on Wednesday, April 10th. Finally, Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and increased their target price for the company from $125.00 to $140.00 in a report on Monday, April 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $142.00.

FirstCash Trading Down 2.0 %

Shares of FCFS stock opened at $107.10 on Friday. The stock has a market capitalization of $4.87 billion, a PE ratio of 20.85 and a beta of 0.64. FirstCash Holdings, Inc. has a 1-year low of $88.05 and a 1-year high of $133.64. The business has a 50-day moving average of $118.61 and a 200 day moving average of $116.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.99 and a quick ratio of 3.03.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.05. The business had revenue of $836.40 million during the quarter, compared to analyst estimates of $846.08 million. FirstCash had a return on equity of 14.73% and a net margin of 7.23%. FirstCash’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 EPS. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.75 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Tuesday, May 14th. FirstCash’s payout ratio is 27.29%.

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.