J.Safra Asset Management Corp Buys 127 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

J.Safra Asset Management Corp raised its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 38.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 454 shares of the company’s stock after purchasing an additional 127 shares during the period. J.Safra Asset Management Corp’s holdings in FirstCash were worth $47,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FCFS. FMR LLC lifted its holdings in shares of FirstCash by 18.3% during the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock worth $770,627,000 after acquiring an additional 1,037,601 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of FirstCash during the 3rd quarter worth about $50,192,000. Erste Asset Management GmbH bought a new position in shares of FirstCash during the 3rd quarter worth about $18,368,000. Natixis Advisors LLC lifted its holdings in shares of FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company’s stock worth $18,269,000 after acquiring an additional 101,130 shares during the period. Finally, Barclays PLC lifted its holdings in shares of FirstCash by 163.8% during the 3rd quarter. Barclays PLC now owns 81,807 shares of the company’s stock worth $9,391,000 after acquiring an additional 50,799 shares during the period. 80.30% of the stock is owned by institutional investors.

FirstCash Trading Up 2.0 %

Shares of FirstCash stock opened at $113.76 on Thursday. The stock has a market capitalization of $5.09 billion, a P/E ratio of 19.85 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. The company has a 50-day simple moving average of $110.99 and a 200 day simple moving average of $111.03. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Research analysts expect that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio (DPR) is currently 26.53%.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a report on Wednesday, February 19th.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were 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 in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The transaction 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 firm’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 completion of the sale, the insider now owns 4,431,869 shares of the company’s stock, valued at $502,706,900.67. The trade was a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by corporate insiders.

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.