FirstCash Holdings, Inc. (NASDAQ:FCFS) Holdings Cut by Bank of America Corp DE

Bank of America Corp DE lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,057,326 shares of the company's stock after selling 87,314 shares during the period. Bank of America Corp DE owned approximately 2.36% of FirstCash worth $109,539,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of FCFS. Rialto Wealth Management LLC purchased a new stake in FirstCash during the 4th quarter worth $31,000. J.Safra Asset Management Corp boosted its position in FirstCash by 38.8% during the 4th 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 period. Quarry LP boosted its position in FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company's stock worth $59,000 after purchasing an additional 513 shares during the period. Hurley Capital LLC purchased a new position in FirstCash in the 4th quarter valued at about $74,000. Finally, R Squared Ltd purchased a new position in FirstCash in the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stephens reissued an "overweight" rating and issued a $137.00 price objective on shares of FirstCash in a research report on Wednesday, February 19th. StockNews.com raised shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 2nd.

FirstCash Stock Down 1.7%

Shares of FirstCash stock traded down $2.25 during trading on Tuesday, reaching $129.91. The company had a trading volume of 356,658 shares, compared to its average volume of 275,993. The company has a market cap of $5.76 billion, a price-to-earnings ratio of 22.67 and a beta of 0.63. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $135.57. The firm's fifty day moving average is $123.06 and its 200-day moving average is $113.78. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.32. The firm 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 quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.55 earnings per share. On average, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Thursday, May 15th. 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.