Principal Financial Group Inc. Has $14.48 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Principal Financial Group Inc. reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,124 shares of the company’s stock after selling 22,165 shares during the quarter. Principal Financial Group Inc. owned 0.28% of FirstCash worth $14,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama lifted its stake in FirstCash by 2.8% in the 3rd quarter. Retirement Systems of Alabama now owns 47,295 shares of the company’s stock valued at $5,429,000 after purchasing an additional 1,274 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of FirstCash during the 3rd quarter worth approximately $204,000. Synovus Financial Corp increased its holdings in shares of FirstCash by 111.2% during the 3rd quarter. Synovus Financial Corp now owns 61,900 shares of the company’s stock worth $7,106,000 after acquiring an additional 32,592 shares during the last quarter. Virtu Financial LLC bought a new stake in FirstCash in the 3rd quarter valued at $553,000. Finally, Barclays PLC lifted its holdings in FirstCash by 163.8% during the 3rd quarter. Barclays PLC now owns 81,807 shares of the company’s stock valued at $9,391,000 after purchasing an additional 50,799 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Down 0.3 %

FCFS stock opened at $103.10 on Friday. The business’s fifty day moving average price is $106.28 and its two-hundred day moving average price is $110.32. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 19.09 and a beta of 0.65. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $133.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 4.31 and a quick ratio of 3.23.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. During the same quarter in the previous year, the company earned $1.56 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 yield of 1.47%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio is currently 28.15%.

Wall Street Analysts Forecast Growth

FCFS has been the topic of several research reports. Stephens started coverage on shares of FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price objective on the stock. TD Cowen lowered their price target on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th.

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.