Stifel Financial Corp Sells 20,219 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Stifel Financial Corp lowered its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 73.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,221 shares of the company’s stock after selling 20,219 shares during the quarter. Stifel Financial Corp’s holdings in FirstCash were worth $829,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of FirstCash in the second quarter worth about $54,000. CWM LLC grew its holdings in FirstCash by 157.5% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after buying an additional 348 shares during the last quarter. GAMMA Investing LLC increased its position in FirstCash by 28.9% in the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after buying an additional 202 shares during the period. Quarry LP lifted its holdings in shares of FirstCash by 511.1% during the second quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after buying an additional 920 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of FirstCash by 15.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock valued at $129,000 after acquiring an additional 164 shares during the period. Institutional investors own 80.30% of the company’s stock.

FirstCash Price Performance

NASDAQ:FCFS opened at $103.25 on Wednesday. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 19.12 and a beta of 0.65. The company has a 50-day moving average of $107.13 and a 200-day moving average of $110.54. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The company has a debt-to-equity ratio of 0.87, a quick ratio of 3.23 and a current ratio of 4.31.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.05. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The company had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. During the same period in the previous year, the business earned $1.56 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that FirstCash Holdings, Inc. will post 6.6 earnings per share for the current fiscal year.

FirstCash Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, November 15th. FirstCash’s payout ratio is 28.15%.

Analyst Ratings Changes

FCFS has been the subject of a number of research reports. Stephens started coverage on shares of FirstCash in a report on Wednesday, November 13th. They issued an “overweight” rating and a $137.00 price target for the company. TD Cowen lowered their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a research note on Monday, October 28th.

Insider Buying and Selling

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now directly owns 88,715 shares of the company’s stock, valued at approximately $9,375,401.20. This represents a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.77% of the stock is currently owned by corporate insiders.

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.