Corebridge Financial Inc. Sells 3,413 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Corebridge Financial Inc. lowered its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,932 shares of the company's stock after selling 3,413 shares during the period. Corebridge Financial Inc. owned approximately 0.14% of FirstCash worth $6,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Virtu Financial LLC bought a new position in FirstCash during the 3rd quarter worth approximately $553,000. Principal Financial Group Inc. grew its holdings in shares of FirstCash by 3.6% in the 4th 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 period. JPMorgan Chase & Co. increased its position in shares of FirstCash by 32.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 160,379 shares of the company's stock valued at $18,412,000 after buying an additional 39,077 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in FirstCash during the 4th quarter worth $18,169,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in FirstCash in the fourth quarter valued at about $343,000. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FirstCash

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the completion of the transaction, the insider now directly owns 4,431,869 shares of the company's stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

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FirstCash Stock Up 0.5 %

NASDAQ FCFS traded up $0.64 on Wednesday, reaching $121.69. The company had a trading volume of 73,741 shares, compared to its average volume of 256,732. The company's fifty day moving average is $114.90 and its 200-day moving average is $110.95. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 21.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14.

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, topping analysts' consensus estimates of $2.02 by $0.10. FirstCash had a return on equity of 14.99% and a net margin of 7.64%. On average, research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is 26.53%.

Wall Street Analyst Weigh In

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

FirstCash 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.