Invesco Ltd. Cuts Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Invesco Ltd. lessened its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 94,607 shares of the company’s stock after selling 24,193 shares during the period. Invesco Ltd. owned about 0.21% of FirstCash worth $9,801,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its position in FirstCash by 163.8% during the 3rd quarter. Barclays PLC now owns 81,807 shares of the company’s stock valued at $9,391,000 after acquiring an additional 50,799 shares in the last quarter. Virtu Financial LLC bought a new stake in FirstCash during the third quarter valued at about $553,000. Synovus Financial Corp grew its stake in FirstCash by 111.2% in the third quarter. Synovus Financial Corp now owns 61,900 shares of the company’s stock valued at $7,106,000 after purchasing an additional 32,592 shares during the last quarter. Franklin Resources Inc. bought a new position in FirstCash in the third quarter worth about $204,000. Finally, Retirement Systems of Alabama lifted its position in shares of FirstCash by 2.8% during the third quarter. Retirement Systems of Alabama now owns 47,295 shares of the company’s stock valued at $5,429,000 after buying an additional 1,274 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

Insider Transactions 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 stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The transaction 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 that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This 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 Stock Up 1.0 %

Shares of FCFS stock opened at $121.61 on Wednesday. The stock’s fifty day moving average price is $117.64 and its 200 day moving average price is $111.65. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 21.22 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

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

Analysts Set New Price Targets

Separately, Stephens reiterated an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note 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.