Truist Financial Corp Grows Stock Holdings in FirstCash Holdings, Inc (NASDAQ:FCFS)

Truist Financial Corp boosted its holdings in FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating) by 3.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,971 shares of the company’s stock after buying an additional 309 shares during the period. Truist Financial Corp’s holdings in FirstCash were worth $731,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of FCFS. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Stephens Investment Management Group LLC grew its position in shares of FirstCash by 62.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,073,976 shares of the company’s stock valued at $74,652,000 after purchasing an additional 412,365 shares in the last quarter. FMR LLC grew its position in shares of FirstCash by 5.8% during the 2nd quarter. FMR LLC now owns 7,119,569 shares of the company’s stock valued at $494,881,000 after purchasing an additional 389,095 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of FirstCash during the 2nd quarter valued at $23,020,000. Finally, Millennium Management LLC grew its position in shares of FirstCash by 121.0% during the 2nd quarter. Millennium Management LLC now owns 223,347 shares of the company’s stock valued at $15,525,000 after purchasing an additional 122,284 shares in the last quarter. 78.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James H. Graves sold 8,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $96.00, for a total transaction of $768,000.00. Following the completion of the transaction, the director now directly owns 17,867 shares of the company’s stock, valued at $1,715,232. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Douglas Richard Rippel sold 38,998 shares of the company’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $88.28, for a total transaction of $3,442,743.44. Following the completion of the transaction, the director now directly owns 8,003,083 shares of the company’s stock, valued at $706,512,167.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Graves sold 8,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $96.00, for a total transaction of $768,000.00. Following the transaction, the director now directly owns 17,867 shares of the company’s stock, valued at $1,715,232. The disclosure for this sale can be found here. Insiders sold 425,536 shares of company stock valued at $37,818,865 over the last three months. Insiders own 19.35% of the company’s stock.

FirstCash Stock Performance

FirstCash stock opened at $89.06 on Friday. 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 company has a market capitalization of $4.13 billion, a PE ratio of 20.47 and a beta of 0.78. The firm has a fifty day simple moving average of $90.01 and a two-hundred day simple moving average of $84.57. FirstCash Holdings, Inc has a twelve month low of $58.30 and a twelve month high of $100.00.

FirstCash (NASDAQ:FCFSGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.11. The business had revenue of $672.14 million during the quarter, compared to the consensus estimate of $670.35 million. FirstCash had a net margin of 8.17% and a return on equity of 12.93%. Research analysts expect that FirstCash Holdings, Inc will post 5.11 EPS for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, November 14th. FirstCash’s dividend payout ratio is presently 30.34%.

Analysts Set New Price Targets

A number of research analysts have recently commented on FCFS shares. 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 target for the company. StockNews.com began coverage on shares of FirstCash in a report on Wednesday, October 12th. They set a “hold” rating for the company. Wedbush lifted their price objective on shares of FirstCash from $80.00 to $90.00 in a report on Monday, November 7th. Stephens raised shares of FirstCash from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $105.00 to $120.00 in a report on Thursday, January 5th. Finally, Credit Suisse Group began coverage on shares of FirstCash in a report on Wednesday, December 14th. They set a “neutral” rating and a $88.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.60.

About FirstCash

(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.

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Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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