FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 67.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,732 shares of the company’s stock after purchasing an additional 108,353 shares during the period. JPMorgan Chase & Co. owned 0.60% of FirstCash worth $27,841,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Rialto Wealth Management LLC acquired a new position in FirstCash during the fourth quarter worth $31,000. J.Safra Asset Management Corp raised its holdings in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after acquiring an additional 127 shares during the period. R Squared Ltd acquired a new position in shares of FirstCash during the 4th quarter valued at about $92,000. Parkside Financial Bank & Trust grew its holdings in shares of FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after purchasing an additional 94 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in FirstCash during the third quarter worth about $204,000. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the 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 sale, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

FirstCash Stock Performance

Shares of FirstCash stock opened at $118.00 on Wednesday. The business’s fifty day simple moving average is $115.96 and its 200-day simple moving average is $111.14. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. The firm has a market cap of $5.28 billion, a PE ratio of 20.59 and a beta of 0.58. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash’s payout ratio is 26.53%.

Wall Street Analysts Forecast Growth

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

About FirstCash

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.