FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 229.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,982 shares of the company's stock after acquiring an additional 4,865 shares during the period. Jump Financial LLC's holdings in FirstCash were worth $723,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in FirstCash in the third quarter valued at $553,000. JPMorgan Chase & Co. raised its holdings in shares of FirstCash by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 268,732 shares of the company's stock valued at $27,841,000 after buying an additional 108,353 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of FirstCash by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 130,607 shares of the company's stock valued at $13,531,000 after buying an additional 4,483 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of FirstCash by 0.5% in the fourth 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of FirstCash in the fourth quarter valued at about $18,169,000. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Stock Performance

Shares of FirstCash stock traded up $0.73 on Monday, reaching $132.68. 641,559 shares of the stock were exchanged, compared to its average volume of 271,086. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $134.15. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average price of $118.63 and a two-hundred day moving average price of $112.08. The firm has a market capitalization of $5.94 billion, a PE ratio of 23.16 and a beta of 0.58.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.32. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. The business had revenue of $836.42 million for the quarter, compared to analyst estimates of $837.11 million. During the same period in the previous year, the business posted $1.55 earnings per share. The business's revenue was up .0% compared to the same quarter last year. As a group, research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 1.15%. FirstCash's dividend payout ratio (DPR) is 26.53%.

Insider Transactions at FirstCash

In other FirstCash news, 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 transaction, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO R Douglas Orr sold 2,000 shares of the company'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 owns 100,567 shares in the company, valued at $11,399,269.45. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.77% of the company's stock.

Analyst Ratings Changes

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

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.