Hsbc Holdings PLC Acquires 8,548 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Hsbc Holdings PLC increased its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,390 shares of the company's stock after purchasing an additional 8,548 shares during the period. Hsbc Holdings PLC's holdings in FirstCash were worth $1,913,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in shares of FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after buying an additional 94 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in FirstCash by 2.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,595 shares of the company's stock valued at $476,000 after acquiring an additional 105 shares in the last quarter. Bank of Nova Scotia boosted its stake in FirstCash by 3.6% during the 4th quarter. Bank of Nova Scotia now owns 3,403 shares of the company's stock valued at $353,000 after purchasing an additional 117 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in FirstCash by 1.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,347 shares of the company's stock worth $826,000 after purchasing an additional 127 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its stake in shares of FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Stephens reiterated an "overweight" rating and set a $137.00 price target 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 research note on Friday.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the sale, the chief financial officer now 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction dated 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 directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

FirstCash Stock Performance

Shares of NASDAQ FCFS traded up $1.26 during midday trading on Friday, reaching $133.91. The company's stock had a trading volume of 310,088 shares, compared to its average volume of 272,845. The stock has a market capitalization of $5.99 billion, a P/E ratio of 23.37 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. The firm has a 50 day moving average price of $120.15 and a 200-day moving average price of $112.64. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $134.85.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced 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. The firm had revenue of $836.42 million during the quarter, compared to the consensus estimate of $837.11 million. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, equities analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.52 annualized dividend and a dividend yield of 1.14%. FirstCash's payout ratio is currently 24.32%.

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.