FirstCash Holdings, Inc. $FCFS Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 281.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,694 shares of the company’s stock after purchasing an additional 7,153 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in FirstCash were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its holdings in FirstCash by 65.9% in the 1st quarter. Ritholtz Wealth Management now owns 4,701 shares of the company’s stock valued at $884,000 after purchasing an additional 1,867 shares in the last quarter. MBM Wealth Consultants LLC grew its holdings in shares of FirstCash by 3.8% during the first quarter. MBM Wealth Consultants LLC now owns 5,776 shares of the company’s stock worth $1,086,000 after buying an additional 213 shares in the last quarter. Blue Trust Inc. raised its position in shares of FirstCash by 5.4% in the first quarter. Blue Trust Inc. now owns 3,801 shares of the company’s stock valued at $714,000 after buying an additional 194 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of FirstCash in the first quarter valued at approximately $229,000. Finally, SG Americas Securities LLC lifted its stake in shares of FirstCash by 251.2% during the first quarter. SG Americas Securities LLC now owns 13,032 shares of the company’s stock valued at $2,450,000 after buying an additional 9,321 shares during the period. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a report on Monday, April 27th. TD Cowen increased their price target on FirstCash from $205.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Canaccord Genuity Group raised their price objective on FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $198.00.

Insider Buying and Selling at FirstCash

In related news, insider Howard F. Hambleton sold 3,000 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $226.41, for a total value of $679,230.00. Following the transaction, the insider directly owned 32,406 shares of the company’s stock, valued at approximately $7,337,042.46. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction on Monday, May 18th. The shares were sold at an average price of $227.29, for a total value of $454,580.00. Following the completion of the transaction, the chief financial officer owned 35,734 shares in the company, valued at $8,121,980.86. The trade was a 5.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 27,500 shares of company stock worth $6,243,104. 2.86% of the stock is currently owned by company insiders.

FirstCash Price Performance

FirstCash stock opened at $212.45 on Monday. FirstCash Holdings, Inc. has a 1 year low of $119.21 and a 1 year high of $235.97. The firm has a 50 day moving average price of $221.24 and a 200 day moving average price of $193.84. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 26.62 and a beta of 0.52. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.42 and a current ratio of 4.77.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, topping the consensus estimate of $2.30 by $0.39. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1 billion. FirstCash had a net margin of 9.15% and a return on equity of 18.68%. FirstCash’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 earnings per share. Sell-side analysts predict that FirstCash Holdings, Inc. will post 11.3 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s payout ratio is currently 21.05%.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.