FirstCash Holdings, Inc. (NASDAQ:FCFS) Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 519,945 shares of the company’s stock after purchasing an additional 21,685 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.16% of FirstCash worth $53,866,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the period. Integrated Investment Consultants LLC boosted its position in shares of FirstCash by 2.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company’s stock worth $476,000 after purchasing an additional 105 shares in the last quarter. Sanctuary Advisors LLC lifted its position in FirstCash by 1.8% in the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company’s stock valued at $826,000 after acquiring an additional 127 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after buying an additional 138 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of FirstCash by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 6,304 shares of the company’s stock worth $653,000 after purchasing an additional 160 shares during the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Stock Performance

Shares of FCFS stock opened at $113.04 on Friday. The firm’s 50-day simple moving average is $112.35 and its two-hundred day simple moving average is $110.95. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 19.73 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. FirstCash’s dividend payout ratio 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.