FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by AGF Management Ltd.

AGF Management Ltd. reduced its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 11.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,920 shares of the company's stock after selling 2,972 shares during the quarter. AGF Management Ltd. owned approximately 0.05% of FirstCash worth $2,478,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rialto Wealth Management LLC purchased a new stake in shares of FirstCash during the 4th quarter worth $31,000. J.Safra Asset Management Corp lifted its stake in shares of FirstCash by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock worth $47,000 after purchasing an additional 127 shares during the last quarter. R Squared Ltd purchased a new stake in FirstCash in the fourth quarter valued at about $92,000. KBC Group NV raised its stake in FirstCash by 20.5% in the third quarter. KBC Group NV now owns 1,206 shares of the company's stock valued at $138,000 after buying an additional 205 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in FirstCash by 7.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after buying an additional 94 shares during the last quarter. 80.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Insider Transactions at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Wednesday, February 5th. The stock was 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 directly owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the insider now owns 4,431,869 shares of the company's stock, valued at approximately $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.

FirstCash Stock Up 3.5 %

FirstCash stock traded up $3.90 during midday trading on Friday, reaching $116.94. The company's stock had a trading volume of 234,478 shares, compared to its average volume of 243,648. The stock's 50-day simple moving average is $112.63 and its 200-day simple moving average is $110.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The stock has a market capitalization of $5.23 billion, a P/E ratio of 20.41 and a beta of 0.63.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating 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, sell-side analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The company 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 1.30%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is 26.53%.

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.