Raymond James Financial Inc. Invests $18.17 Million in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Raymond James Financial Inc. bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 175,375 shares of the company’s stock, valued at approximately $18,169,000. Raymond James Financial Inc. owned about 0.39% of FirstCash at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares in the last quarter. R Squared Ltd bought a new position in FirstCash in the fourth quarter worth about $92,000. KBC Group NV raised its holdings in FirstCash by 20.5% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after purchasing an additional 205 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after purchasing an additional 94 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in FirstCash in the third quarter worth about $204,000. 80.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on 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 directly owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

FirstCash Stock Up 0.1 %

Shares of NASDAQ:FCFS opened at $117.07 on Tuesday. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $112.89 and a two-hundred day moving average of $110.86. The stock has a market cap of $5.24 billion, a P/E ratio of 20.43 and a beta of 0.63. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results 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%. On average, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

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.