Stifel Financial Corp Cuts Stock Position in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stifel Financial Corp trimmed its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 73.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,221 shares of the company's stock after selling 20,219 shares during the quarter. Stifel Financial Corp's holdings in FirstCash were worth $829,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in FCFS. HighTower Advisors LLC grew its position in shares of FirstCash by 2.7% during the third quarter. HighTower Advisors LLC now owns 7,486 shares of the company's stock valued at $856,000 after purchasing an additional 195 shares in the last quarter. Hilltop Holdings Inc. bought a new position in FirstCash during the third quarter valued at approximately $1,136,000. Erste Asset Management GmbH bought a new position in FirstCash during the third quarter valued at approximately $18,368,000. Edgestream Partners L.P. bought a new stake in FirstCash in the 3rd quarter worth approximately $1,680,000. Finally, Verition Fund Management LLC raised its holdings in shares of FirstCash by 8.5% during the 3rd quarter. Verition Fund Management LLC now owns 3,604 shares of the company's stock worth $414,000 after acquiring an additional 283 shares in the last quarter. 80.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

FCFS has been the subject of a number of recent research reports. TD Cowen cut their target price on shares of FirstCash from $134.00 to $130.00 and set a "buy" rating for the company in a report on Monday, October 28th. Stephens began coverage on shares of FirstCash in a research note on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 price objective for the company.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the transaction, the chief financial officer now owns 88,715 shares of the company's stock, valued at approximately $9,375,401.20. This trade represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 14.77% of the company's stock.

FirstCash Trading Up 0.3 %

NASDAQ FCFS traded up $0.27 on Wednesday, hitting $103.25. 56,438 shares of the stock were exchanged, compared to its average volume of 247,644. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The firm has a market capitalization of $4.62 billion, a P/E ratio of 19.12 and a beta of 0.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31. The stock has a fifty day moving average price of $106.69 and a two-hundred day moving average price of $110.42.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same period in the prior year, the firm posted $1.56 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.47%. FirstCash's dividend payout ratio (DPR) 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.