Corient Private Wealth LLC Has $3.01 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Corient Private Wealth LLC reduced its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,063 shares of the company's stock after selling 3,262 shares during the quarter. Corient Private Wealth LLC owned 0.06% of FirstCash worth $3,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royce & Associates LP boosted its stake in shares of FirstCash by 29.5% during the 4th quarter. Royce & Associates LP now owns 114,663 shares of the company's stock valued at $11,879,000 after buying an additional 26,098 shares during the period. Natixis Advisors LLC boosted its holdings in FirstCash by 10.2% during the fourth quarter. Natixis Advisors LLC now owns 175,305 shares of the company's stock valued at $18,162,000 after purchasing an additional 16,165 shares in the last quarter. Erste Asset Management GmbH grew its position in FirstCash by 15.6% in the fourth quarter. Erste Asset Management GmbH now owns 185,000 shares of the company's stock valued at $19,046,000 after acquiring an additional 25,000 shares during the period. Vestcor Inc increased its position in shares of FirstCash by 15.8% during the 4th quarter. Vestcor Inc now owns 4,748 shares of the company's stock worth $492,000 after purchasing an additional 647 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of FirstCash by 33.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 12,602 shares of the company's stock valued at $1,306,000 after acquiring an additional 3,185 shares during the last quarter. 80.30% of the stock is currently owned by institutional investors.

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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 note on Wednesday, February 19th.

FirstCash Stock Performance

NASDAQ:FCFS traded up $1.59 during mid-day trading on Wednesday, hitting $120.18. The stock had a trading volume of 168,847 shares, compared to its average volume of 243,482. 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 Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The company's 50 day simple moving average is $114.09 and its 200 day simple moving average is $110.80. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 20.97 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Dividend Announcement

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

Insider Buying and Selling

In related news, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were 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 $11,399,269.45. The trade was 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

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.