LPL Financial LLC Acquires 4,294 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

LPL Financial LLC raised its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,443 shares of the company's stock after buying an additional 4,294 shares during the period. LPL Financial LLC owned approximately 0.05% of FirstCash worth $2,677,000 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 the stock. State Street Corp raised its holdings in FirstCash by 2.1% during the third quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after purchasing an additional 28,415 shares in the last quarter. Sei Investments Co. raised its stake in shares of FirstCash by 5.4% in the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after buying an additional 33,040 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of FirstCash by 28.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock valued at $58,076,000 after buying an additional 123,386 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in FirstCash by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock valued at $53,866,000 after buying an additional 21,685 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in FirstCash by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company's stock worth $40,164,000 after acquiring an additional 30,948 shares during the period. 80.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

FirstCash Price Performance

Shares of FCFS traded up $0.74 during trading hours on Thursday, hitting $120.80. 30,557 shares of the company were exchanged, compared to its average volume of 268,705. 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 company has a market capitalization of $5.41 billion, a PE ratio of 21.08 and a beta of 0.58. The firm has a fifty day simple moving average of $117.19 and a 200-day simple moving average of $111.44. FirstCash Holdings, Inc. has a one year low of $100.24 and a one year high of $133.64.

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, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

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

Insider Buying and Selling at FirstCash

In other FirstCash news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash stock in a transaction on 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. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction 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 of the company's stock, 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. 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.