FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by AGF Management Ltd.

AGF Management Ltd. cut its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,920 shares of the company’s stock after selling 2,972 shares during the quarter. AGF Management Ltd. owned 0.05% of FirstCash worth $2,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FCFS. Rialto Wealth Management LLC purchased a new position in shares of FirstCash during the fourth quarter worth $31,000. J.Safra Asset Management Corp raised its stake in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company’s stock valued at $47,000 after buying an additional 127 shares during the last quarter. R Squared Ltd acquired a new position in shares of FirstCash in the 4th quarter valued at about $92,000. KBC Group NV boosted its stake in shares of FirstCash by 20.5% in the third quarter. KBC Group NV now owns 1,206 shares of the company’s stock worth $138,000 after buying an additional 205 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after acquiring an additional 94 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

FirstCash Stock Down 0.3 %

Shares of FCFS opened at $113.04 on Friday. The firm has a market cap of $5.06 billion, a P/E ratio of 19.73 and a beta of 0.63. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. The stock’s 50 day moving average is $112.35 and its two-hundred day moving average is $110.95. 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 released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (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%. Analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.34%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Insider Activity at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s 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 transaction, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stephens reaffirmed an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

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.