Principal Financial Group Inc. decreased its holdings in FirstCash Inc (NYSE:FCFS) by 2.1% in the 1st quarter, HoldingsChannel reports. The firm owned 355,806 shares of the credit services provider’s stock after selling 7,570 shares during the period. Principal Financial Group Inc.’s holdings in FirstCash were worth $30,777,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently modified their holdings of FCFS. Manchester Capital Management LLC acquired a new position in FirstCash in the first quarter valued at approximately $38,000. Howe & Rusling Inc. acquired a new position in FirstCash in the first quarter valued at approximately $87,000. Ffcm LLC acquired a new position in FirstCash in the fourth quarter valued at approximately $141,000. US Bancorp DE lifted its holdings in FirstCash by 309.8% in the first quarter. US Bancorp DE now owns 1,807 shares of the credit services provider’s stock valued at $156,000 after acquiring an additional 1,366 shares during the period. Finally, Advisor Group Inc. lifted its holdings in FirstCash by 18.0% in the fourth quarter. Advisor Group Inc. now owns 2,339 shares of the credit services provider’s stock valued at $170,000 after acquiring an additional 356 shares during the period. 95.30% of the stock is owned by institutional investors.
Shares of FCFS stock opened at $97.82 on Friday. FirstCash Inc has a 1-year low of $66.28 and a 1-year high of $100.50.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Tuesday, May 14th.
FCFS has been the subject of a number of analyst reports. Zacks Investment Research raised FirstCash from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. JMP Securities boosted their price target on FirstCash from $95.00 to $105.00 and gave the company a “market outperform” rating in a report on Thursday, April 25th. Finally, Barclays reissued a “buy” rating and issued a $110.00 price target on shares of FirstCash in a report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $103.75.
In other news, CFO R Douglas Orr sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $96.94, for a total transaction of $727,050.00. Following the completion of the transaction, the chief financial officer now directly owns 142,500 shares of the company’s stock, valued at approximately $13,813,950. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.83% of the company’s stock.
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FirstCash Company Profile
FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.
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