JPMorgan Chase & Co. Has $18.41 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

JPMorgan Chase & Co. boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 32.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,379 shares of the company’s stock after buying an additional 39,077 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of FirstCash worth $18,412,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in shares of FirstCash by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock valued at $1,050,000 after purchasing an additional 138 shares in the last quarter. HighTower Advisors LLC lifted its holdings in FirstCash by 2.7% during the 3rd quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock valued at $856,000 after purchasing an additional 195 shares during the last quarter. Arizona State Retirement System boosted its position in FirstCash by 1.9% in the second quarter. Arizona State Retirement System now owns 10,734 shares of the company’s stock valued at $1,126,000 after buying an additional 197 shares in the last quarter. Martingale Asset Management L P grew its stake in FirstCash by 0.9% during the third quarter. Martingale Asset Management L P now owns 21,834 shares of the company’s stock worth $2,507,000 after buying an additional 200 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of FirstCash by 28.9% during the third quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after buying an additional 202 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at FirstCash

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

FirstCash Stock Up 0.1 %

NASDAQ:FCFS opened at $106.81 on Friday. The stock’s fifty day moving average price is $105.86 and its two-hundred day moving average price is $110.01. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 19.78 and a beta of 0.66. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

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

FirstCash Announces Dividend

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 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio is 28.15%.

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.