FirstCash Holdings, Inc. (NASDAQ:FCFS) Stake Boosted by Citigroup Inc.

Citigroup Inc. raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 137.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,143 shares of the company’s stock after acquiring an additional 19,749 shares during the quarter. Citigroup Inc. owned approximately 0.08% of FirstCash worth $3,920,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of FirstCash by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 498,260 shares of the company’s stock valued at $57,200,000 after buying an additional 37,810 shares during the last quarter. Intech Investment Management LLC lifted its holdings in FirstCash by 52.0% in the 3rd quarter. Intech Investment Management LLC now owns 14,845 shares of the company’s stock worth $1,704,000 after purchasing an additional 5,081 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in FirstCash by 17.8% in the 3rd quarter. King Luther Capital Management Corp now owns 29,176 shares of the company’s stock worth $3,349,000 after purchasing an additional 4,399 shares during the last quarter. Quest Partners LLC lifted its holdings in FirstCash by 10,928.9% in the 3rd quarter. Quest Partners LLC now owns 40,807 shares of the company’s stock worth $4,685,000 after purchasing an additional 40,437 shares during the last quarter. Finally, Swiss National Bank increased its position in FirstCash by 5.8% in the 3rd quarter. Swiss National Bank now owns 79,912 shares of the company’s stock worth $9,174,000 after buying an additional 4,400 shares during the period. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

FirstCash stock opened at $106.58 on Wednesday. The business’s 50-day simple moving average is $109.40 and its 200 day simple moving average is $111.71. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 19.74 and a beta of 0.65. FirstCash Holdings, Inc. has a 12-month low of $101.62 and a 12-month high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last issued its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. During the same quarter last year, the business earned $1.56 earnings per share. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

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

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their position. 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 3,374 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $119.94, for a total value of $404,677.56. Following the transaction, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. This trade represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,974 shares of company stock valued at $688,080 over the last 90 days. 14.77% of the stock is owned by company insiders.

Analyst Ratings Changes

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

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.