Bank of New York Mellon Corp Has $45.96 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bank of New York Mellon Corp trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 382,002 shares of the company's stock after selling 5,683 shares during the period. Bank of New York Mellon Corp owned about 0.85% of FirstCash worth $45,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiduciary Management Inc. WI increased its stake in shares of FirstCash by 76.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,303,533 shares of the company's stock worth $135,046,000 after purchasing an additional 563,265 shares during the period. GAMMA Investing LLC boosted its holdings in FirstCash by 26,021.8% in the 1st quarter. GAMMA Investing LLC now owns 259,651 shares of the company's stock valued at $31,241,000 after purchasing an additional 258,657 shares during the period. D. E. Shaw & Co. Inc. grew its position in FirstCash by 349.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 294,281 shares of the company's stock worth $30,488,000 after purchasing an additional 228,784 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of FirstCash during the fourth quarter valued at about $21,701,000. Finally, Raymond James Financial Inc. bought a new stake in shares of FirstCash in the fourth quarter valued at about $18,169,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

FirstCash Price Performance

NASDAQ FCFS traded down $0.74 during trading on Monday, reaching $131.43. 144,829 shares of the company traded hands, compared to its average volume of 295,986. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $138.42. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.28 and a current ratio of 4.39. The stock's 50 day moving average price is $130.72 and its two-hundred day moving average price is $121.10. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 21.03 and a beta of 0.62.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.32. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. The company had revenue of $836.42 million during the quarter, compared to analysts' expectations of $837.11 million. During the same period last year, the business earned $1.55 earnings per share. The business's revenue was up .0% on a year-over-year basis. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's dividend payout ratio is currently 24.32%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut FirstCash from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Insider Activity at FirstCash

In related news, insider Howard F. Hambleton sold 3,900 shares of FirstCash stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the transaction, the insider directly owned 32,481 shares of the company's stock, valued at $4,252,737.33. The trade was a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 14.77% of the company's stock.

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.