FirstCash Holdings, Inc. (NASDAQ:FCFS) Position Increased by Sendero Wealth Management LLC

Sendero Wealth Management LLC boosted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 77.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,394 shares of the company’s stock after purchasing an additional 2,781 shares during the quarter. Sendero Wealth Management LLC’s holdings in FirstCash were worth $662,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of FirstCash during the second quarter valued at $54,000. CWM LLC lifted its position in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC boosted its stake in FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares during the period. Quarry LP grew its position in FirstCash by 511.1% in the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after purchasing an additional 920 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of FirstCash in the third quarter valued at approximately $133,000. 80.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FCFS. TD Cowen reduced their price objective on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Stephens initiated coverage on FirstCash in a research report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 price target for the company.

FirstCash Trading Up 1.0 %

Shares of NASDAQ:FCFS opened at $111.15 on Thursday. The company has a 50 day moving average of $105.99 and a 200-day moving average of $110.13. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The firm has a market cap of $4.97 billion, a P/E ratio of 20.58 and a beta of 0.66. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS) last released its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm had revenue of $837.30 million during the quarter, compared to the consensus estimate of $843.94 million. During the same period in the prior year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s dividend payout ratio (DPR) is presently 28.15%.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 14.77% of the stock is owned by corporate insiders.

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.