Bank of New York Mellon Corp Purchases 30,948 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Bank of New York Mellon Corp lifted its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 387,685 shares of the company's stock after acquiring an additional 30,948 shares during the period. Bank of New York Mellon Corp owned 0.87% of FirstCash worth $40,164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FCFS. R Squared Ltd bought a new stake in shares of FirstCash in the 4th quarter valued at approximately $92,000. KBC Group NV increased its position in FirstCash by 20.5% during the third quarter. KBC Group NV now owns 1,206 shares of the company's stock valued at $138,000 after acquiring an additional 205 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of FirstCash in the third quarter valued at $204,000. Park Avenue Securities LLC lifted its holdings in shares of FirstCash by 15.5% in the 4th quarter. Park Avenue Securities LLC now owns 2,039 shares of the company's stock worth $211,000 after acquiring an additional 273 shares during the last quarter. Finally, Savant Capital LLC purchased a new position in shares of FirstCash during the 4th quarter worth about $254,000. Hedge funds and other institutional investors own 80.30% of the company's stock.

Analyst Ratings Changes

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

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FirstCash Trading Down 1.0 %

Shares of NASDAQ:FCFS traded down $1.12 on Monday, hitting $114.30. 327,240 shares of the company's stock were exchanged, compared to its average volume of 241,657. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 19.95 and a beta of 0.63. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64. 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 business's 50 day simple moving average is $111.48 and its two-hundred day simple moving average is $110.95.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating 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%. Analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.33%. FirstCash's dividend payout ratio (DPR) is currently 26.53%.

Insiders Place Their Bets

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were 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 owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 approximately $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

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.