FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 73.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,221 shares of the company’s stock after selling 20,219 shares during the period. Stifel Financial Corp’s holdings in FirstCash were worth $829,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. HighTower Advisors LLC grew its position in FirstCash by 2.7% in the 3rd quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock worth $856,000 after purchasing an additional 195 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in shares of FirstCash during the third quarter worth approximately $1,136,000. Erste Asset Management GmbH bought a new position in FirstCash in the 3rd quarter worth approximately $18,368,000. Edgestream Partners L.P. acquired a new stake in FirstCash in the 3rd quarter valued at approximately $1,680,000. Finally, Verition Fund Management LLC raised its stake in FirstCash by 8.5% during the 3rd quarter. Verition Fund Management LLC now owns 3,604 shares of the company’s stock valued at $414,000 after acquiring an additional 283 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 14.77% of the company’s stock.

FirstCash Trading Up 0.3 %

Shares of FCFS stock opened at $103.25 on Wednesday. The stock has a 50-day simple moving average of $107.13 and a 200 day simple moving average of $110.54. The stock has a market capitalization of $4.62 billion, a P/E ratio of 19.12 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 quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating 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 company had revenue of $837.30 million during the quarter, compared to analyst estimates of $843.94 million. During the same quarter last year, the firm posted $1.56 EPS. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were issued a $0.38 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.47%. FirstCash’s dividend payout ratio is currently 28.15%.

Analysts Set New Price Targets

FCFS has been the subject of several recent analyst reports. TD Cowen decreased their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Stephens assumed coverage on shares of FirstCash in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 target price for the company.

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.