Citigroup Inc. Lowers Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Citigroup Inc. decreased its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 87.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,385 shares of the company’s stock after selling 16,062 shares during the quarter. Citigroup Inc.’s holdings in FirstCash were worth $239,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of FirstCash by 2.3% during the 3rd quarter. FMR LLC now owns 6,556,669 shares of the company’s stock worth $658,158,000 after acquiring an additional 145,821 shares in the last quarter. BlackRock Inc. boosted its stake in shares of FirstCash by 7.0% during the 1st quarter. BlackRock Inc. now owns 4,566,439 shares of the company’s stock worth $435,501,000 after acquiring an additional 297,552 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 worth $309,282,000 after acquiring an additional 730,072 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of FirstCash by 98,847.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,317,075 shares of the company’s stock worth $375,197,000 after acquiring an additional 4,312,712 shares in the last quarter. Finally, Earnest Partners LLC boosted its stake in shares of FirstCash by 1.0% during the 3rd quarter. Earnest Partners LLC now owns 2,206,042 shares of the company’s stock worth $221,442,000 after acquiring an additional 22,067 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens lifted their price objective on FirstCash from $131.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd.

FirstCash Trading Up 1.9 %

Shares of FirstCash stock opened at $126.21 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.89 and a quick ratio of 2.96. FirstCash Holdings, Inc. has a 1 year low of $88.05 and a 1 year high of $126.35. The company has a market capitalization of $5.69 billion, a P/E ratio of 26.29 and a beta of 0.61. The business has a 50 day moving average price of $117.44 and a 200 day moving average price of $110.23.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, February 1st. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.25. FirstCash had a return on equity of 14.42% and a net margin of 6.96%. The firm had revenue of $852.13 million during the quarter, compared to the consensus estimate of $859.23 million. During the same period in the previous year, the firm posted $1.65 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.9 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were issued a $0.35 dividend. The ex-dividend date was Tuesday, February 13th. This represents a $1.40 annualized dividend and a yield of 1.11%. FirstCash’s dividend payout ratio (DPR) is presently 29.17%.

Insider Buying and Selling at FirstCash

In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the transaction, the director now directly owns 5,997,680 shares in the company, valued at approximately $703,767,771.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other FirstCash news, Director Douglas Richard Rippel sold 19,020 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $117.34, for a total value of $2,231,806.80. Following the completion of the transaction, the director now directly owns 5,997,680 shares in the company, valued at approximately $703,767,771.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO R Douglas Orr sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $116.25, for a total value of $348,750.00. Following the completion of the transaction, the chief financial officer now owns 94,715 shares of the company’s stock, valued at $11,010,618.75. The disclosure for this sale can be found here. In the last three months, insiders sold 329,984 shares of company stock worth $38,850,386. Insiders own 18.08% of the company’s stock.

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.