Northern Trust Corp Grows Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Northern Trust Corp raised its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 585,302 shares of the company's stock after purchasing an additional 50,183 shares during the period. Northern Trust Corp owned 1.31% of FirstCash worth $60,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rialto Wealth Management LLC acquired a new stake in FirstCash during the 4th quarter worth about $31,000. J.Safra Asset Management Corp boosted its stake in FirstCash by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after acquiring an additional 127 shares in the last quarter. Quarry LP raised its holdings in shares of FirstCash by 986.5% during the fourth quarter. Quarry LP now owns 565 shares of the company's stock valued at $59,000 after purchasing an additional 513 shares during the period. Hurley Capital LLC acquired a new stake in shares of FirstCash in the 4th quarter valued at about $74,000. Finally, R Squared Ltd bought a new stake in FirstCash in the 4th quarter valued at about $92,000. 80.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.93% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FCFS shares. Stephens restated an "overweight" rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th. StockNews.com upgraded shares of FirstCash from a "buy" rating to a "strong-buy" rating in a report on Friday, May 2nd.

FirstCash Stock Performance

NASDAQ FCFS traded up $0.02 during trading hours on Monday, reaching $132.77. 33,718 shares of the company were exchanged, compared to its average volume of 273,837. The stock has a market capitalization of $5.89 billion, a P/E ratio of 23.12 and a beta of 0.63. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $135.57. The business's 50 day simple moving average is $122.40 and its 200-day simple moving average is $113.48.

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, topping the consensus estimate of $1.75 by $0.32. The company had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. FirstCash's revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. On average, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be given a $0.38 dividend. The ex-dividend date is Thursday, May 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.14%. FirstCash's dividend payout ratio (DPR) is currently 24.32%.

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.