2,459 Shares in FirstCash Holdings, Inc. $FCFS Acquired by United Services Automobile Association

Key Points

• USAA acquired a new stake in FirstCash Holdings during Q1, purchasing 2,459 shares valued at approximately $294,000.
• Insider trading activity included CEO Rick L. Wessel selling 30,976 shares for over $4.3 million, reducing his ownership position by 3.32%.
• FirstCash announced an increase in its quarterly dividend from $0.38 to $0.42, resulting in an annualized dividend yield of 1.1%.

United Services Automobile Association purchased a new position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,459 shares of the company's stock, valued at approximately $294,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Stephens Investment Management Group LLC grew its holdings in shares of FirstCash by 14.5% in the 1st quarter. Stephens Investment Management Group LLC now owns 888,834 shares of the company's stock worth $106,945,000 after acquiring an additional 112,349 shares during the period. Boston Partners grew its holdings in shares of FirstCash by 6.5% in the 1st quarter. Boston Partners now owns 650,458 shares of the company's stock worth $78,385,000 after acquiring an additional 39,537 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in FirstCash by 14.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 640,521 shares of the company's stock valued at $77,067,000 after buying an additional 79,930 shares in the last quarter. Nuveen LLC purchased a new stake in FirstCash in the 1st quarter valued at approximately $55,340,000. Finally, Goldman Sachs Group Inc. lifted its stake in FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company's stock valued at $46,866,000 after buying an additional 34,364 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FCFS. Jefferies Financial Group raised FirstCash to a "strong-buy" rating in a research note on Monday, August 18th. Loop Capital lowered FirstCash from a "buy" rating to a "hold" rating and set a $145.00 target price on the stock. in a research note on Friday, September 5th. Wall Street Zen lowered FirstCash from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. Capital One Financial set a $160.00 target price on FirstCash in a research report on Tuesday, August 5th. Finally, Cowen reaffirmed a "buy" rating on shares of FirstCash in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $143.00.

FirstCash Stock Up 0.6%

Shares of FirstCash stock traded up $0.90 during trading hours on Thursday, hitting $148.27. 36,831 shares of the company's stock traded hands, compared to its average volume of 299,083. The company has a market cap of $6.58 billion, a PE ratio of 22.78 and a beta of 0.70. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $150.92. The stock has a 50 day simple moving average of $138.43 and a 200-day simple moving average of $130.11. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79.

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

FirstCash Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.42 dividend. This is an increase from FirstCash's previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 15th. FirstCash's dividend payout ratio is 25.81%.

Insiders Place Their Bets

In other FirstCash news, Director James H. Graves sold 6,000 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $134.56, for a total value of $807,360.00. Following the transaction, the director owned 15,846 shares of the company's stock, valued at $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 3,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $148.41, for a total transaction of $445,230.00. Following the completion of the transaction, the chief financial officer directly owned 97,567 shares in the company, valued at $14,479,918.47. This represents a 2.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,500 shares of company stock valued at $15,493,610 over the last quarter. Insiders own 2.93% of the company's stock.

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.