Cibc World Markets Corp Invests $373,000 in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Cibc World Markets Corp bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,604 shares of the company's stock, valued at approximately $373,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FCFS. Rialto Wealth Management LLC acquired a new stake in FirstCash in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp increased its holdings 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 valued at $47,000 after purchasing an additional 127 shares during the last quarter. R Squared Ltd purchased a new position in FirstCash during the fourth quarter worth approximately $92,000. Parkside Financial Bank & Trust boosted its stake in FirstCash by 7.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock worth $142,000 after buying an additional 94 shares during the last quarter. Finally, KBC Group NV grew its holdings in FirstCash by 54.1% in the 4th quarter. KBC Group NV now owns 1,859 shares of the company's stock valued at $193,000 after buying an additional 653 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

FirstCash Trading Down 0.0 %

NASDAQ FCFS traded down $0.03 on Thursday, reaching $120.15. The stock had a trading volume of 161,403 shares, compared to its average volume of 243,326. 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 stock has a fifty day moving average price of $114.27 and a two-hundred day moving average price of $110.86. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 20.97 and a beta of 0.63.

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

FirstCash Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Wall Street Analysts Forecast Growth

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

Insider Activity at FirstCash

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 100,567 shares of the company's stock, valued at $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 available at this link. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business's stock in a transaction 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 transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.77% of the company's stock.

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.