Legal & General Group Plc Has $10.61 Million Stock Position in FirstCash Holdings, Inc. $FCFS

Legal & General Group Plc lowered its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,554 shares of the company’s stock after selling 4,364 shares during the quarter. Legal & General Group Plc owned about 0.15% of FirstCash worth $10,607,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of FCFS. New Age Alpha Advisors LLC raised its holdings in FirstCash by 53.3% during the fourth quarter. New Age Alpha Advisors LLC now owns 1,806 shares of the company’s stock valued at $288,000 after buying an additional 628 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of FirstCash by 180.8% in the fourth quarter. Hantz Financial Services Inc. now owns 365 shares of the company’s stock worth $58,000 after buying an additional 235 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in shares of FirstCash by 8.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,858 shares of the company’s stock worth $296,000 after buying an additional 152 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of FirstCash by 6,200.0% in the fourth quarter. Global Retirement Partners LLC now owns 315 shares of the company’s stock worth $50,000 after buying an additional 310 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of FirstCash in the fourth quarter worth about $707,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

Insider Buying and Selling at FirstCash

In other FirstCash news, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the sale, the insider owned 32,406 shares in the company, valued at $7,337,042.46. The trade was a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paula K. Garrett sold 1,500 shares of FirstCash stock in a transaction on Friday, May 1st. The stock was sold at an average price of $217.40, for a total transaction of $326,100.00. Following the sale, the director owned 6,564 shares in the company, valued at $1,427,013.60. This represents a 18.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,665 shares of company stock valued at $4,703,656 in the last quarter. 2.86% of the stock is currently owned by corporate insiders.

FirstCash Stock Up 5.2%

Shares of FCFS stock opened at $220.18 on Thursday. FirstCash Holdings, Inc. has a 12 month low of $119.21 and a 12 month high of $235.97. The firm has a market cap of $9.65 billion, a PE ratio of 27.59 and a beta of 0.52. The stock has a 50 day moving average of $212.32 and a 200-day moving average of $185.99. The company has a quick ratio of 3.42, a current ratio of 4.77 and a debt-to-equity ratio of 0.98.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. On average, equities analysts predict that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, May 15th. FirstCash’s dividend payout ratio (DPR) is presently 21.05%.

Analysts Set New Price Targets

Several research firms recently weighed in on FCFS. Wall Street Zen lowered FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group increased their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research upgraded shares of FirstCash from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Finally, TD Cowen boosted their price objective on shares of FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $198.00.

FirstCash Company Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.