Legal & General Group Plc Has $10.61 Million Position in FirstCash Holdings, Inc. $FCFS

Legal & General Group Plc lowered its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,554 shares of the company’s stock after selling 4,364 shares during the period. Legal & General Group Plc’s holdings in FirstCash were worth $10,607,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FCFS. State of Wyoming raised its holdings in shares of FirstCash by 4.3% in the 3rd quarter. State of Wyoming now owns 1,765 shares of the company’s stock worth $280,000 after buying an additional 73 shares in the last quarter. Profund Advisors LLC boosted its stake in FirstCash by 4.9% in the 3rd quarter. Profund Advisors LLC now owns 1,632 shares of the company’s stock valued at $259,000 after buying an additional 76 shares in the last quarter. Ascent Group LLC grew its position in FirstCash by 6.0% in the fourth quarter. Ascent Group LLC now owns 1,423 shares of the company’s stock valued at $227,000 after acquiring an additional 81 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in FirstCash by 1.0% in the third quarter. Northwestern Mutual Investment Management Company LLC now owns 8,703 shares of the company’s stock valued at $1,379,000 after acquiring an additional 85 shares during the period. Finally, Pullen Investment Management LLC grew its position in FirstCash by 0.4% in the fourth quarter. Pullen Investment Management LLC now owns 20,263 shares of the company’s stock valued at $3,230,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on FCFS shares. Canaccord Genuity Group upped their price target on FirstCash from $242.00 to $252.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Weiss Ratings cut FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. Zacks Research upgraded FirstCash from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. TD Cowen upped their price target on FirstCash from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Finally, Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $198.00.

Insider Buying and Selling

In other FirstCash news, Director Paula K. Garrett sold 1,500 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $217.40, for a total value of $326,100.00. Following the transaction, the director owned 6,564 shares of the company’s stock, valued at approximately $1,427,013.60. The trade was a 18.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Raul Ramos sold 3,165 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $231.13, for a total value of $731,526.45. Following the completion of the transaction, the senior vice president directly owned 27,235 shares in the company, valued at approximately $6,294,825.55. This represents a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 20,665 shares of company stock valued at $4,703,656. Insiders own 2.86% of the company’s stock.

FirstCash Price Performance

FirstCash stock opened at $220.18 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77. The firm has a market cap of $9.65 billion, a P/E ratio of 27.59 and a beta of 0.52. The business’s fifty day moving average is $212.32 and its two-hundred day moving average is $185.99. FirstCash Holdings, Inc. has a 52 week low of $119.21 and a 52 week high of $235.97.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.07 earnings per share. Equities research analysts forecast that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s payout ratio is currently 21.05%.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.