Russell Investments Group Ltd. Sells 57,572 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Russell Investments Group Ltd. reduced its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 64.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,595 shares of the company's stock after selling 57,572 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.07% of FirstCash worth $3,273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in FCFS. Vanguard Group Inc. grew its stake in 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. Sei Investments Co. grew its position in shares of FirstCash by 5.4% in the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock valued at $67,193,000 after purchasing an additional 33,040 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock valued at $58,076,000 after purchasing an additional 123,386 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock worth $53,866,000 after purchasing an additional 21,685 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in FirstCash by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company's stock worth $40,164,000 after purchasing an additional 30,948 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Stephens reiterated an "overweight" rating and set a $137.00 price target on shares of FirstCash in a research report on Wednesday, February 19th.

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total transaction of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares of the company's stock, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total value of $34,029,000.00. Following the completion of the sale, the insider now directly owns 4,431,869 shares of the company's stock, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by company insiders.

FirstCash Price Performance

NASDAQ FCFS traded up $1.19 during trading on Tuesday, reaching $121.61. The company's stock had a trading volume of 303,658 shares, compared to its average volume of 270,971. The firm has a fifty day moving average of $117.64 and a 200 day moving average of $111.65. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64. The stock has a market capitalization of $5.44 billion, a PE ratio of 21.22 and a beta of 0.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's dividend payout ratio is currently 26.53%.

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.