Principal Financial Group Inc. Has $14.48 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Principal Financial Group Inc. lessened its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 14.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,124 shares of the company's stock after selling 22,165 shares during the quarter. Principal Financial Group Inc. owned about 0.28% of FirstCash worth $14,479,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in FirstCash by 4.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,173 shares of the company's stock worth $228,000 after acquiring an additional 95 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in FirstCash by 5.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,376 shares of the company's stock valued at $298,000 after buying an additional 125 shares during the period. Parkside Financial Bank & Trust boosted its holdings in FirstCash by 15.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company's stock worth $129,000 after buying an additional 164 shares during the last quarter. Fifth Third Bancorp boosted its holdings in FirstCash by 1.0% during the second quarter. Fifth Third Bancorp now owns 17,252 shares of the company's stock worth $1,809,000 after buying an additional 168 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of FirstCash by 8.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,405 shares of the company's stock worth $252,000 after buying an additional 194 shares during the period. Institutional investors own 80.30% of the company's stock.

Analyst Upgrades and Downgrades

FCFS has been the topic of several recent analyst reports. TD Cowen reduced their price objective on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. Stephens assumed coverage on shares of FirstCash in a report on Wednesday. They issued an "overweight" rating and a $137.00 target price on the stock.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the transaction, the chief financial officer now directly owns 88,715 shares of the company's stock, valued at $9,375,401.20. This trade represents a 2.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Richard Rippel sold 7,316 shares of FirstCash stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $119.98, for a total transaction of $877,773.68. Following the completion of the sale, the director now owns 4,735,843 shares in the company, valued at $568,206,443.14. This trade represents a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,154 shares of company stock valued at $1,909,562. 14.77% of the stock is owned by corporate insiders.

FirstCash Stock Down 0.9 %

Shares of NASDAQ FCFS traded down $0.94 during mid-day trading on Friday, reaching $105.77. 199,409 shares of the company's stock were exchanged, compared to its average volume of 248,792. FirstCash Holdings, Inc. has a twelve month low of $101.62 and a twelve month high of $133.64. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 19.59 and a beta of 0.64. The business has a fifty day simple moving average of $111.90 and a 200 day simple moving average of $112.66.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The business had revenue of $837.30 million during the quarter, compared to analysts' expectations of $843.94 million. During the same period in the prior year, the business earned $1.56 EPS. FirstCash's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that FirstCash Holdings, Inc. will post 6.61 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.44%. FirstCash's payout ratio is 28.15%.

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.