Geode Capital Management LLC Has $98.67 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Geode Capital Management LLC increased its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 952,201 shares of the company’s stock after buying an additional 1,580 shares during the period. Geode Capital Management LLC owned about 2.13% of FirstCash worth $98,669,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in FirstCash by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock worth $426,105,000 after buying an additional 22,009 shares during the period. State Street Corp boosted its position in FirstCash by 2.1% during the 3rd quarter. State Street Corp now owns 1,386,726 shares of the company’s stock worth $159,196,000 after buying an additional 28,415 shares during the period. Sei Investments Co. lifted its position in shares of FirstCash by 5.4% in the 4th 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. lifted its position in shares of FirstCash by 28.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after purchasing an additional 123,386 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of FirstCash by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock worth $53,866,000 after purchasing an additional 21,685 shares during the period. 80.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at FirstCash

In other news, major shareholder Douglas Richard Rippel sold 300,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now 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 document filed with the SEC, which is available at this hyperlink. Also, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 100,567 shares of the company’s stock, valued at approximately $11,399,269.45. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. 14.77% of the stock is currently owned by company insiders.

FirstCash Stock Performance

NASDAQ:FCFS opened at $120.19 on Thursday. The company has a fifty day moving average of $116.34 and a 200-day moving average of $111.21. The firm has a market capitalization of $5.38 billion, a P/E ratio of 20.98 and a beta of 0.58. The company has a quick ratio of 3.15, a current ratio of 4.14 and a debt-to-equity ratio of 0.84. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. As a group, sell-side analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.26%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

Wall Street Analysts Forecast Growth

Separately, Stephens restated an “overweight” rating and issued a $137.00 price target on shares of FirstCash in a research 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.