Blue Trust Inc. Purchases 163 Shares of FirstCash Holdings, Inc. $FCFS

Blue Trust Inc. lifted its position in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,463 shares of the company’s stock after purchasing an additional 163 shares during the period. Blue Trust Inc.’s holdings in FirstCash were worth $468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in FirstCash by 808.0% in the 1st quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock worth $27,000 after buying an additional 202 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of FirstCash by 181.6% in the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after acquiring an additional 187 shares during the period. CX Institutional purchased a new stake in shares of FirstCash during the first quarter worth about $42,000. UMB Bank n.a. raised its stake in FirstCash by 167.5% during the 1st quarter. UMB Bank n.a. now owns 452 shares of the company’s stock valued at $54,000 after purchasing an additional 283 shares during the period. Finally, CWM LLC lifted its holdings in FirstCash by 92.9% in the 1st quarter. CWM LLC now owns 517 shares of the company’s stock worth $62,000 after purchasing an additional 249 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FCFS shares. Loop Capital lowered shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective for the company. in a report on Friday, September 5th. Jefferies Financial Group raised shares of FirstCash to a “strong-buy” rating in a research note on Monday, August 18th. Wall Street Zen raised shares of FirstCash from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Capital One Financial set a $160.00 price objective on FirstCash in a research report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of FirstCash in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $154.40.

Insider Buying and Selling at FirstCash

In related news, CEO Rick L. Wessel sold 69,024 shares of FirstCash stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $138.49, for a total transaction of $9,559,133.76. Following the completion of the transaction, the chief executive officer directly owned 932,958 shares of the company’s stock, valued at approximately $129,205,353.42. The trade was a 6.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Graves sold 6,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $134.56, for a total transaction of $807,360.00. Following the completion of the sale, the director directly owned 15,846 shares in the company, valued at $2,132,237.76. This trade represents a 27.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 111,500 shares of company stock worth $15,493,610 over the last quarter. Insiders own 14.77% of the company’s stock.

FirstCash Stock Performance

FirstCash stock opened at $150.71 on Monday. The company has a quick ratio of 3.12, a current ratio of 4.21 and a debt-to-equity ratio of 0.79. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $158.93. The company’s 50-day moving average price is $146.07 and its 200-day moving average price is $134.58. The company has a market cap of $6.69 billion, a PE ratio of 23.15 and a beta of 0.69.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.13. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The company had revenue of $830.62 million for the quarter, compared to analysts’ expectations of $820.42 million. During the same period in the previous year, the firm posted $1.37 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, August 15th. This is a positive change from FirstCash’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a yield of 1.1%. FirstCash’s payout ratio is presently 25.81%.

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.