Bank of Nova Scotia Acquires 734 Shares of FirstCash Holdings, Inc (NASDAQ:FCFS)

Bank of Nova Scotia raised its position in shares of FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating) by 8.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,919 shares of the company’s stock after purchasing an additional 734 shares during the quarter. Bank of Nova Scotia’s holdings in FirstCash were worth $689,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in FCFS. Vanguard Group Inc. increased its position in FirstCash by 19.9% during the 1st quarter. Vanguard Group Inc. now owns 4,396,960 shares of the company’s stock valued at $309,282,000 after purchasing an additional 730,072 shares during the period. Stephens Investment Management Group LLC acquired a new stake in FirstCash during the 1st quarter valued at approximately $46,538,000. Hood River Capital Management LLC increased its position in FirstCash by 150.2% during the 1st quarter. Hood River Capital Management LLC now owns 331,938 shares of the company’s stock valued at $23,349,000 after purchasing an additional 199,264 shares during the period. Cooke & Bieler LP increased its position in FirstCash by 7.0% during the 1st quarter. Cooke & Bieler LP now owns 2,503,337 shares of the company’s stock valued at $176,085,000 after purchasing an additional 163,370 shares during the period. Finally, Bank of America Corp DE increased its position in FirstCash by 6.8% during the 1st quarter. Bank of America Corp DE now owns 1,297,967 shares of the company’s stock valued at $91,298,000 after purchasing an additional 82,256 shares during the period. Institutional investors and hedge funds own 79.53% of the company’s stock.

FirstCash Price Performance

Shares of FCFS opened at $90.00 on Friday. FirstCash Holdings, Inc has a 12-month low of $58.30 and a 12-month high of $100.00. The business’s fifty day moving average is $86.16 and its 200 day moving average is $77.75. The company has a quick ratio of 2.56, a current ratio of 3.46 and a debt-to-equity ratio of 0.76. The stock has a market cap of $4.17 billion, a P/E ratio of 20.69 and a beta of 0.80.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Monday, November 14th. FirstCash’s dividend payout ratio is currently 30.34%.

Insider Buying and Selling

In related news, Director James H. Graves sold 8,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $96.00, for a total value of $768,000.00. Following the transaction, the director now directly owns 17,867 shares in the company, valued at approximately $1,715,232. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 19.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

FCFS has been the subject of a number of recent analyst reports. Credit Suisse Group raised shares of FirstCash from an “underperform” rating to a “neutral” rating and increased their target price for the company from $83.00 to $88.00 in a research report on Monday, October 17th. Loop Capital started coverage on shares of FirstCash in a research report on Tuesday, September 27th. They set a “hold” rating and a $80.00 price objective for the company. Wedbush raised their price objective on shares of FirstCash from $80.00 to $90.00 in a research report on Monday, November 7th. Barclays raised their price objective on shares of FirstCash from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, October 31st. Finally, StockNews.com started coverage on shares of FirstCash in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $90.20.

FirstCash Profile

(Get Rating)

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. 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.

Recommended Stories

Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating).

Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.