Bessemer Group Inc. Has $35.61 Million Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bessemer Group Inc. raised its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 295,939 shares of the company's stock after acquiring an additional 12,965 shares during the period. Bessemer Group Inc. owned approximately 0.66% of FirstCash worth $35,607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of FirstCash by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after acquiring an additional 108,353 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of FirstCash by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 130,607 shares of the company's stock valued at $13,531,000 after acquiring an additional 4,483 shares during the last quarter. Vanguard Group Inc. increased its position in shares of FirstCash by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after buying an additional 22,009 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of FirstCash by 45.1% in the 4th quarter. Lazard Asset Management LLC now owns 8,205 shares of the company's stock valued at $850,000 after buying an additional 2,552 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of FirstCash by 808.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company's stock valued at $27,000 after buying an additional 202 shares in the last quarter. Institutional investors own 80.30% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 7th.

FirstCash Trading Down 2.3%

Shares of FCFS traded down $3.12 during trading hours on Friday, reaching $134.51. The stock had a trading volume of 708,386 shares, compared to its average volume of 280,694. The company has a quick ratio of 3.28, a current ratio of 4.39 and a debt-to-equity ratio of 0.83. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $138.42. The firm has a 50-day moving average of $129.59 and a 200 day moving average of $118.91. The company has a market cap of $5.97 billion, a P/E ratio of 21.52 and a beta of 0.62.

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

FirstCash Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors 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 1.13%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash's payout ratio is presently 24.32%.

Insider Buying and Selling

In related news, insider Howard F. Hambleton sold 3,900 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total value of $510,627.00. Following the completion of the transaction, the insider now directly owns 32,481 shares of the company's stock, valued at approximately $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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.