FirstCash Holdings, Inc. $FCFS Stock Holdings Lifted by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in FirstCash Holdings, Inc. by 81.0%, purchasing 3,839 shares during the first quarter, bringing its total holdings to 8,581 shares valued at approximately $1,030,000.
• FirstCash announced a dividend increase to $0.42 per share, with a yield of 1.2%, and will distribute it to stockholders on August 29th.
• In recent analyst reports, FirstCash has received a mix of ratings, including a cut from "strong-buy" to "buy" by Wall Street Zen, and a target price of $160.00 set by Capital One Financial.

Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 81.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 8,581 shares of the company's stock after acquiring an additional 3,839 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in FirstCash were worth $1,030,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in shares of FirstCash by 1.6% in the first quarter. Xponance Inc. now owns 5,552 shares of the company's stock valued at $668,000 after buying an additional 87 shares during the period. MBM Wealth Consultants LLC lifted its holdings in shares of FirstCash by 1.6% in the first quarter. MBM Wealth Consultants LLC now owns 5,757 shares of the company's stock valued at $693,000 after buying an additional 90 shares during the period. State of Michigan Retirement System lifted its holdings in shares of FirstCash by 1.1% in the first quarter. State of Michigan Retirement System now owns 9,315 shares of the company's stock valued at $1,121,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of FirstCash by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,900 shares of the company's stock valued at $1,311,000 after buying an additional 100 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in shares of FirstCash by 1.4% in the first quarter. State of Alaska Department of Revenue now owns 8,559 shares of the company's stock valued at $1,029,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 80.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 12th. Cowen restated a "buy" rating on shares of FirstCash in a report on Monday, August 18th. Capital One Financial set a $160.00 price objective on FirstCash in a report on Tuesday, August 5th. Finally, Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $142.33.

Insider Activity at FirstCash

In related news, Director James H. Graves sold 6,000 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the transaction, the director directly owned 15,846 shares of the company's stock, valued at approximately $2,132,237.76. The trade was a 27.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Rick L. Wessel sold 69,024 shares of the company's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total value of $9,559,133.76. Following the transaction, the chief executive officer directly owned 932,958 shares in the company, valued at $129,205,353.42. The trade was a 6.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,900 shares of company stock valued at $15,193,007. Company insiders own 2.93% of the company's stock.

FirstCash Trading Up 0.1%

Shares of FirstCash stock traded up $0.19 on Thursday, reaching $148.79. 48,560 shares of the company were exchanged, compared to its average volume of 305,195. The stock has a fifty day moving average price of $134.36 and a 200-day moving average price of $126.72. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 22.85 and a beta of 0.68. The company has a current ratio of 4.21, a quick ratio of 3.12 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a fifty-two week low of $100.24 and a fifty-two week high of $148.83.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.66 by $0.13. The company had revenue of $830.62 million for the quarter, compared to analyst estimates of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.FirstCash's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 earnings per share. On average, analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, August 15th. This is a positive change from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.1%. FirstCash's payout ratio is presently 25.81%.

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.