AGF Management Ltd. Cuts Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

AGF Management Ltd. reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,920 shares of the company's stock after selling 2,972 shares during the period. AGF Management Ltd. owned 0.05% of FirstCash worth $2,478,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC grew its holdings in FirstCash by 18.3% during the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company's stock worth $770,627,000 after acquiring an additional 1,037,601 shares during the period. State Street Corp grew its holdings in FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company's stock worth $159,196,000 after acquiring an additional 28,415 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in FirstCash by 28.2% during 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 21,685 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in FirstCash by 8.7% during the 4th 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 owned by institutional investors.

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FirstCash Price Performance

Shares of FCFS traded up $3.90 during mid-day trading on Friday, reaching $116.94. 234,478 shares of the stock traded hands, compared to its average volume of 242,671. The firm has a fifty day moving average price of $112.63 and a 200 day moving average price of $110.87. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 20.41 and a beta of 0.63. The company has a current ratio of 4.14, a quick ratio of 3.15 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64.

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

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

Insider Buying and Selling

In other news, 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 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This trade represents a 6.34 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.