Truist Financial Corp Sells 317 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Truist Financial Corp reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,819 shares of the company’s stock after selling 317 shares during the period. Truist Financial Corp’s holdings in FirstCash were worth $292,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of FirstCash in the 4th quarter valued at $92,000. KBC Group NV grew its stake in FirstCash by 20.5% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock valued at $138,000 after purchasing an additional 205 shares during the last quarter. Franklin Resources Inc. bought a new position in FirstCash in the third quarter worth about $204,000. Park Avenue Securities LLC lifted its position in shares of FirstCash by 15.5% during the fourth quarter. Park Avenue Securities LLC now owns 2,039 shares of the company’s stock valued at $211,000 after buying an additional 273 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in shares of FirstCash in the 4th quarter valued at about $254,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

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.

Insider Transactions at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company’s stock.

FirstCash Stock Up 2.0 %

Shares of FCFS stock opened at $113.76 on Thursday. The stock’s fifty day moving average price is $110.99 and its 200 day moving average price is $111.03. 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 $5.09 billion, a price-to-earnings ratio of 19.85 and a beta of 0.63. 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 Dividend Announcement

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 of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. FirstCash’s dividend payout ratio is currently 26.53%.

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.