JPMorgan Chase & Co. Acquires 39,077 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

JPMorgan Chase & Co. grew its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 32.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 160,379 shares of the company's stock after purchasing an additional 39,077 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.36% of FirstCash worth $18,412,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in FCFS. Virtu Financial LLC purchased a new stake in shares of FirstCash in the third quarter valued at about $553,000. CWA Asset Management Group LLC purchased a new position in shares of FirstCash during the 3rd quarter worth approximately $1,576,000. Advantage Alpha Capital Partners LP acquired a new stake in FirstCash during the 3rd quarter valued at $3,707,000. Natixis Advisors LLC increased its position in FirstCash by 174.3% during the 3rd quarter. Natixis Advisors LLC now owns 159,140 shares of the company's stock worth $18,269,000 after purchasing an additional 101,130 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new stake in FirstCash during the 2nd quarter worth about $1,882,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Insider Activity at FirstCash

In other news, CFO R Douglas Orr sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total value of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares in the company, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 14.77% of the company's stock.

Analysts Set New Price Targets

FCFS has been the topic of several analyst reports. TD Cowen decreased their price target 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 started coverage on FirstCash in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $137.00 target price for the company.

FirstCash Stock Down 0.2 %

Shares of FCFS stock traded down $0.20 on Friday, reaching $106.61. 258,838 shares of the company's stock traded hands, compared to its average volume of 221,573. FirstCash Holdings, Inc. has a 12-month low of $100.24 and a 12-month high of $133.64. 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 company has a market capitalization of $4.77 billion, a P/E ratio of 19.74 and a beta of 0.66. The business's 50 day moving average price is $105.87 and its two-hundred day moving average price is $110.01.

FirstCash (NASDAQ:FCFS - Get Free Report) last issued its quarterly earnings data 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 net margin of 7.29% and a return on equity of 14.97%. The firm 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 company posted $1.56 earnings per share. FirstCash's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts forecast that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current year.

FirstCash Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash's dividend payout ratio (DPR) is presently 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.