FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 67.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 268,732 shares of the company's stock after purchasing an additional 108,353 shares during the period. JPMorgan Chase & Co. owned 0.60% of FirstCash worth $27,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FCFS. Vanguard Group Inc. lifted its position in shares of FirstCash by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock worth $426,105,000 after purchasing an additional 22,009 shares during the period. State Street Corp boosted its position in FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company's stock valued at $159,196,000 after acquiring an additional 28,415 shares in the last quarter. Sei Investments Co. increased its holdings in shares of FirstCash by 5.4% in the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company's stock valued at $67,193,000 after acquiring an additional 33,040 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock worth $58,076,000 after acquiring an additional 123,386 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock worth $53,866,000 after purchasing an additional 21,685 shares during the last quarter. Institutional investors own 80.30% of the company's stock.

Analyst Ratings Changes

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

FirstCash Stock Up 1.0 %

FCFS stock traded up $1.25 on Friday, hitting $120.62. 400,709 shares of the company's stock were exchanged, compared to its average volume of 268,360. The firm has a 50 day moving average price of $116.72 and a two-hundred day moving average price of $111.27. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. The stock has a market cap of $5.40 billion, a P/E ratio of 21.05 and a beta of 0.58. 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 issued its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share 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%. As a group, equities research analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a dividend yield of 1.26%. FirstCash's payout ratio is currently 26.53%.

Insider Activity

In related news, CFO R Douglas Orr sold 2,000 shares of the company'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 sale, the chief financial officer now owns 100,567 shares in the company, valued at $11,399,269.45. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's 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 transaction, the insider now directly owns 4,431,869 shares of the company's stock, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

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.