JPMorgan Chase & Co. cut its position in First Cash Financial Services Inc. (NASDAQ:FCFS) by 38.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 598,868 shares of the company’s stock after selling 371,734 shares during the period. JPMorgan Chase & Co. owned 2.12% of First Cash Financial Services worth $30,740,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY increased its stake in shares of First Cash Financial Services by 5.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,692 shares of the company’s stock worth $907,000 after buying an additional 934 shares in the last quarter. Legal & General Group Plc increased its stake in shares of First Cash Financial Services by 14.2% in the first quarter. Legal & General Group Plc now owns 7,563 shares of the company’s stock worth $348,000 after buying an additional 942 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of First Cash Financial Services by 42.0% in the first quarter. Renaissance Technologies LLC now owns 111,600 shares of the company’s stock worth $5,140,000 after buying an additional 33,000 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of First Cash Financial Services by 17.9% in the first quarter. Lazard Asset Management LLC now owns 162,243 shares of the company’s stock worth $7,472,000 after buying an additional 24,600 shares in the last quarter. Finally, State Street Corp increased its stake in shares of First Cash Financial Services by 2.7% in the first quarter. State Street Corp now owns 542,897 shares of the company’s stock worth $25,005,000 after buying an additional 14,019 shares in the last quarter.

First Cash Financial Services Inc. (NASDAQ:FCFS) traded up 1.40% during midday trading on Tuesday, reaching $47.06. The company had a trading volume of 130,078 shares. The firm has a 50-day moving average of $50.68 and a 200-day moving average of $47.90. The stock has a market cap of $1.33 billion, a P/E ratio of 24.01 and a beta of 0.90. First Cash Financial Services Inc. has a 12 month low of $29.64 and a 12 month high of $53.95.

First Cash Financial Services (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $181.98 million for the quarter, compared to analyst estimates of $178.75 million. First Cash Financial Services’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. On average, equities analysts expect that First Cash Financial Services Inc. will post $2.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 24th. Shareholders of record on Wednesday, August 10th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, August 8th. First Cash Financial Services’s dividend payout ratio (DPR) is presently 25.38%.

A number of brokerages have commented on FCFS. Zacks Investment Research upgraded First Cash Financial Services from a “strong sell” rating to a “hold” rating in a research report on Monday, July 18th. TheStreet upgraded First Cash Financial Services from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. JPMorgan Chase & Co. dropped their target price on First Cash Financial Services from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, September 8th. Jefferies Group reissued a “buy” rating and issued a $60.00 target price on shares of First Cash Financial Services in a report on Friday, September 2nd. Finally, Sterne Agee CRT raised First Cash Financial Services from a “neutral” rating to a “buy” rating and set a $56.00 target price for the company in a report on Friday, June 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. First Cash Financial Services has a consensus rating of “Hold” and a consensus target price of $48.75.

First Cash Financial Services Company Profile

First Cash Financial Services, Inc is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.

5 Day Chart for NASDAQ:FCFS

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