3,604 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,604 shares of the company’s stock, valued at approximately $373,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new position in shares of FirstCash in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp grew its stake in FirstCash by 38.8% in 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 FirstCash in the 4th quarter valued at $92,000. Parkside Financial Bank & Trust raised its holdings in FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock valued at $142,000 after acquiring an additional 94 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of FirstCash by 54.1% during the fourth quarter. KBC Group NV now owns 1,859 shares of the company’s stock worth $193,000 after purchasing an additional 653 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

FirstCash Price Performance

FirstCash stock opened at $116.87 on Monday. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The firm has a 50 day moving average price of $113.74 and a 200 day moving average price of $110.81. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 20.40 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.30%. FirstCash’s dividend payout ratio is presently 26.53%.

Insider Activity

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 4,431,869 shares of the company’s stock, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company’s stock.

FirstCash Company 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.