FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,859 shares of the company's stock after acquiring an additional 38,003 shares during the period. Rockefeller Capital Management L.P. owned 0.76% of FirstCash worth $35,321,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Rialto Wealth Management LLC acquired a new position in shares of FirstCash in the 4th quarter valued at about $31,000. J.Safra Asset Management Corp raised its holdings in FirstCash by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 454 shares of the company's stock valued at $47,000 after buying an additional 127 shares during the period. Hurley Capital LLC acquired a new position in FirstCash during the fourth quarter valued at approximately $74,000. R Squared Ltd purchased a new stake in FirstCash during the fourth quarter worth approximately $92,000. Finally, Parkside Financial Bank & Trust raised its stake in shares of FirstCash by 7.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company's stock valued at $142,000 after acquiring an additional 94 shares during the period. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Stock Up 1.1 %

FirstCash stock traded up $1.38 during midday trading on Friday, hitting $121.44. 269,715 shares of the stock were exchanged, compared to its average volume of 270,122. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $133.64. 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 firm has a market cap of $5.44 billion, a P/E ratio of 21.19 and a beta of 0.58. The company has a 50 day moving average price of $117.34 and a two-hundred day moving average price of $111.49.

FirstCash (NASDAQ:FCFS - Get Free Report) last announced 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%. On average, sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Friday, February 14th. FirstCash's payout ratio is currently 26.53%.

Insider Buying and Selling

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash 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 completion of the transaction, the chief financial officer now owns 100,567 shares in the company, valued at approximately $11,399,269.45. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $113.43, for a total value of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 14.77% of the company's stock.

Analysts Set New Price Targets

Separately, Stephens reiterated an "overweight" rating and issued a $137.00 price target on shares of FirstCash in a report on Wednesday, February 19th.

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.