FirstCash Holdings, Inc. (NASDAQ:FCFS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,124 shares of the company’s stock after selling 22,165 shares during the period. Principal Financial Group Inc. owned approximately 0.28% of FirstCash worth $14,479,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in FirstCash by 66.0% during the 2nd quarter. American Century Companies Inc. now owns 446,882 shares of the company’s stock worth $46,869,000 after acquiring an additional 177,698 shares in the last quarter. Acadian Asset Management LLC grew its holdings in FirstCash by 753.4% during the 1st quarter. Acadian Asset Management LLC now owns 161,291 shares of the company’s stock worth $20,560,000 after acquiring an additional 142,391 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in FirstCash by 1,216.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 105,300 shares of the company’s stock worth $13,430,000 after acquiring an additional 97,300 shares in the last quarter. Boston Partners grew its holdings in FirstCash by 17.8% during the 1st quarter. Boston Partners now owns 621,534 shares of the company’s stock worth $78,347,000 after acquiring an additional 94,010 shares in the last quarter. Finally, Earnest Partners LLC grew its holdings in FirstCash by 2.4% during the 2nd quarter. Earnest Partners LLC now owns 2,344,383 shares of the company’s stock worth $245,879,000 after acquiring an additional 55,919 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

FirstCash Trading Down 0.9 %

Shares of NASDAQ:FCFS opened at $105.77 on Friday. The company has a market cap of $4.73 billion, a PE ratio of 19.59 and a beta of 0.64. The company’s 50-day moving average price is $111.90 and its 200 day moving average price is $112.66. FirstCash Holdings, Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $133.64. The company has a quick ratio of 3.23, a current ratio of 4.31 and a debt-to-equity ratio of 0.87.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.05. The firm had revenue of $837.30 million for the quarter, compared to the consensus estimate of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. FirstCash’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.56 EPS. Sell-side analysts anticipate that FirstCash Holdings, Inc. will post 6.61 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 15th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.44%. FirstCash’s dividend payout ratio (DPR) is 28.15%.

Insiders Place Their Bets

In related news, Director Douglas Richard Rippel sold 3,374 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $119.94, for a total value of $404,677.56. Following the sale, the director now directly owns 4,731,869 shares in the company, valued at $567,540,367.86. The trade was a 0.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO R Douglas Orr sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the completion of the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. The trade was a 2.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,154 shares of company stock worth $1,909,562. 14.77% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FCFS shares. TD Cowen decreased their price objective on shares of FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 28th. Stephens began coverage on shares of FirstCash in a report on Wednesday. They issued an “overweight” rating and a $137.00 price target for the company.

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.