Amundi Buys 15,053 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Amundi boosted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 75.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,966 shares of the company’s stock after purchasing an additional 15,053 shares during the period. Amundi’s holdings in FirstCash were worth $3,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in FirstCash in the third quarter valued at $553,000. Advantage Alpha Capital Partners LP bought a new position in FirstCash in the third quarter valued at $3,707,000. Principal Financial Group Inc. grew its position in FirstCash by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company’s stock valued at $13,531,000 after purchasing an additional 4,483 shares in the last quarter. Natixis Advisors LLC grew its position in FirstCash by 174.3% in the third quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock valued at $18,269,000 after purchasing an additional 101,130 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in FirstCash by 32.2% in the third quarter. JPMorgan Chase & Co. now owns 160,379 shares of the company’s stock valued at $18,412,000 after purchasing an additional 39,077 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insider Transactions at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were 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 in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the sale, the chief financial officer now owns 100,567 shares of the company’s stock, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Stock Performance

Shares of FCFS opened at $116.94 on Monday. The firm has a 50-day moving average of $112.63 and a 200-day moving average of $110.87. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The company has a market cap of $5.23 billion, a PE ratio of 20.41 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 announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, equities analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

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

Analyst Ratings Changes

Separately, Stephens reissued an “overweight” rating and issued a $137.00 price objective on shares of FirstCash in a research report 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.