Comerica Bank Has $1.44 Million Position in FirstCash Holdings, Inc (NASDAQ:FCFS)

Comerica Bank reduced its holdings in shares of FirstCash Holdings, Inc (NASDAQ:FCFSGet Rating) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,109 shares of the company’s stock after selling 1,005 shares during the period. Comerica Bank’s holdings in FirstCash were worth $1,441,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FCFS. Vanguard Group Inc. lifted its holdings 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 last quarter. Stephens Investment Management Group LLC lifted its holdings in 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 during the last quarter. FMR LLC lifted its holdings in 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 during the last quarter. Eagle Asset Management Inc. bought a new position in FirstCash during the 2nd quarter valued at about $23,020,000. Finally, Millennium Management LLC lifted its holdings in 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 during the last quarter. 78.78% of the stock is owned by institutional investors.

FirstCash Stock Up 1.2 %

Shares of NASDAQ:FCFS opened at $89.06 on Monday. FirstCash Holdings, Inc has a one year low of $58.30 and a one year high of $100.00. The company has a 50 day moving average of $90.01 and a 200-day moving average of $84.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.46 and a quick ratio of 2.56. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 20.47 and a beta of 0.78.

FirstCash (NASDAQ:FCFSGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.11. The firm had revenue of $672.14 million during the quarter, compared to analysts’ expectations of $670.35 million. FirstCash had a net margin of 8.17% and a return on equity of 12.93%. On average, sell-side analysts forecast that FirstCash Holdings, Inc will post 5.11 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Investors of record on Tuesday, November 15th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Monday, November 14th. FirstCash’s dividend payout ratio is currently 30.34%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital assumed coverage on shares of FirstCash in a research note on Tuesday, September 27th. They issued a “hold” rating and a $80.00 target price for the company. Stephens raised shares of FirstCash from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $105.00 to $120.00 in a research note on Thursday, January 5th. Credit Suisse Group assumed coverage on shares of FirstCash in a research note on Wednesday, December 14th. They issued a “neutral” rating and a $88.00 target price for the company. StockNews.com assumed coverage on shares of FirstCash in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wedbush boosted their target price on shares of FirstCash from $80.00 to $90.00 in a research note on Monday, November 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, FirstCash presently has a consensus rating of “Hold” and an average price target of $97.60.

Insider Activity at FirstCash

In related news, Director Douglas Richard Rippel sold 4,171 shares of the business’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $88.40, for a total transaction of $368,716.40. Following the completion of the transaction, the director now owns 8,042,081 shares in the company, valued at $710,919,960.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Douglas Richard Rippel sold 4,171 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The shares were sold at an average price of $88.40, for a total value of $368,716.40. Following the completion of the transaction, the director now owns 8,042,081 shares in the company, valued at $710,919,960.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Graves sold 8,000 shares of the company’s stock in a transaction that occurred on 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 owns 17,867 shares of the company’s stock, valued at approximately $1,715,232. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 425,536 shares of company stock worth $37,818,865. 19.35% of the stock is currently owned by company insiders.

FirstCash Company 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.

Further Reading

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Institutional Ownership by Quarter for FirstCash (NASDAQ:FCFS)

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