Wells Fargo & Company MN Lowers Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Wells Fargo & Company MN decreased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,421 shares of the company's stock after selling 5,464 shares during the quarter. Wells Fargo & Company MN owned approximately 0.41% of FirstCash worth $18,899,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FCFS. Vanguard Group Inc. lifted its position in shares of FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company's stock valued at $426,105,000 after acquiring an additional 22,009 shares during the period. Sei Investments Co. lifted its position in FirstCash by 5.4% during the fourth quarter. Sei Investments Co. now owns 648,582 shares of the company's stock worth $67,193,000 after purchasing an additional 33,040 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company's stock valued at $58,076,000 after buying an additional 123,386 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company's stock worth $53,866,000 after acquiring an additional 21,685 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of FirstCash by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company's stock worth $40,164,000 after acquiring an additional 30,948 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company's stock.

Wall Street Analyst Weigh In

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

FirstCash Stock Up 1.1 %

Shares of FCFS traded up $1.38 during trading hours on Friday, hitting $121.44. The stock had a trading volume of 269,715 shares, compared to its average volume of 270,449. FirstCash Holdings, Inc. has a 1-year low of $100.24 and a 1-year high of $133.64. The firm has a market capitalization of $5.44 billion, a P/E ratio of 21.19 and a beta of 0.58. The firm has a 50 day simple moving average of $117.49 and a 200-day simple moving average of $111.54. The company has a debt-to-equity ratio of 0.84, a current ratio of 4.14 and a quick ratio of 3.15.

FirstCash (NASDAQ:FCFS - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. Sell-side analysts predict that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

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

Insider Buying and Selling at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the sale, the insider now directly owns 4,431,869 shares in the company, valued at $502,706,900.67. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO R Douglas Orr sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total transaction of $226,700.00. Following the completion of the transaction, the chief financial officer now owns 100,567 shares of the company's stock, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.77% of the company's stock.

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.