Raymond James Financial Inc. Acquires Shares of 175,375 FirstCash Holdings, Inc. (NASDAQ:FCFS)

Raymond James Financial Inc. acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 175,375 shares of the company’s stock, valued at approximately $18,169,000. Raymond James Financial Inc. owned 0.39% of FirstCash at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of FCFS. Rialto Wealth Management LLC acquired a new stake in shares of FirstCash during the 4th quarter valued at approximately $31,000. J.Safra Asset Management Corp raised its holdings in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Hurley Capital LLC acquired a new stake in FirstCash in the fourth quarter valued at $74,000. R Squared Ltd purchased a new position in shares of FirstCash in the fourth quarter valued at $92,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analyst Weigh In

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

FirstCash Stock Performance

NASDAQ:FCFS opened at $121.44 on Monday. The firm’s fifty day simple moving average is $117.49 and its 200 day simple moving average is $111.53. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 21.19 and a beta of 0.58.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS 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%. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is 26.53%.

Insider Activity at FirstCash

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value 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 trade represents a 6.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.77% 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.