Ameriprise Financial Inc. Purchases 37,490 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Ameriprise Financial Inc. lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 26.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,514 shares of the company's stock after buying an additional 37,490 shares during the quarter. Ameriprise Financial Inc. owned about 0.40% of FirstCash worth $18,598,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC bought a new stake in shares of FirstCash during the 4th quarter worth $31,000. J.Safra Asset Management Corp grew its stake in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Quarry LP increased its holdings in FirstCash by 986.5% in the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the period. Hurley Capital LLC acquired a new position in FirstCash during the 4th quarter worth about $74,000. Finally, R Squared Ltd bought a new stake in shares of FirstCash in the 4th quarter valued at about $92,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FCFS shares. Stephens reaffirmed an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th. StockNews.com raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 2nd.

FirstCash Trading Down 0.7%

Shares of FirstCash stock traded down $0.95 on Wednesday, hitting $126.19. 10,563 shares of the company's stock traded hands, compared to its average volume of 276,269. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 22.05 and a beta of 0.63. The company has a fifty day moving average of $124.37 and a two-hundred day moving average of $114.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $135.57.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.32. The business had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. FirstCash's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. As a group, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a yield of 1.20%. FirstCash's dividend payout ratio (DPR) is presently 24.32%.

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.