175,375 Shares in FirstCash Holdings, Inc. (NASDAQ:FCFS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 175,375 shares of the company's stock, valued at approximately $18,169,000. Raymond James Financial Inc. owned about 0.39% of FirstCash as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. J.Safra Asset Management Corp raised its holdings in 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 acquired a new position in shares of FirstCash in the 4th quarter valued at $92,000. KBC Group NV lifted 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 period. Parkside Financial Bank & Trust lifted 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 period. Finally, Franklin Resources Inc. bought a new position in FirstCash during the third quarter worth about $204,000. Institutional investors and hedge funds own 80.30% of the company's stock.

Analysts Set New Price Targets

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

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Insider Buying and Selling

In related news, major shareholder Douglas Richard Rippel sold 300,000 shares of FirstCash 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO R Douglas Orr sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following 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 position. The disclosure for this sale can be found here. Company insiders own 14.77% of the company's stock.

FirstCash Trading Down 0.5 %

Shares of FirstCash stock traded down $0.59 during trading hours on Friday, hitting $116.87. The company's stock had a trading volume of 571,517 shares, compared to its average volume of 243,575. The company has a market capitalization of $5.23 billion, a PE ratio of 20.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15. The stock has a 50 day moving average of $113.54 and a 200 day moving average of $110.94. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.38 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.52 annualized dividend and a yield of 1.30%. FirstCash's dividend payout ratio is currently 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.