FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC cut its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 10.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 29,063 shares of the company’s stock after selling 3,262 shares during the period. Corient Private Wealth LLC’s holdings in FirstCash were worth $3,011,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rialto Wealth Management LLC acquired a new stake in FirstCash during the 4th quarter worth approximately $31,000. J.Safra Asset Management Corp lifted its holdings in FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock worth $47,000 after buying an additional 127 shares in the last quarter. R Squared Ltd acquired a new stake in FirstCash during the 4th quarter worth approximately $92,000. Parkside Financial Bank & Trust lifted its holdings in FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after buying an additional 94 shares in the last quarter. Finally, KBC Group NV lifted its holdings in FirstCash by 54.1% during the 4th quarter. KBC Group NV now owns 1,859 shares of the company’s stock worth $193,000 after buying an additional 653 shares in the last quarter. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm’s stock in a transaction 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 in the company, valued at $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Price Performance

Shares of FCFS opened at $116.87 on Friday. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The firm’s fifty day simple moving average is $113.74 and its 200-day simple moving average is $110.87. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 20.40 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84.

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

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 currently 26.53%.

Analysts Set New Price Targets

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