Principal Financial Group Inc. Has $14.48 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Principal Financial Group Inc. reduced its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 14.9% during the third quarter, HoldingsChannel reports. The firm owned 126,124 shares of the company’s stock after selling 22,165 shares during the quarter. Principal Financial Group Inc.’s holdings in FirstCash were worth $14,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in FirstCash in the second quarter valued at approximately $54,000. CWM LLC boosted its holdings in shares of FirstCash by 157.5% during the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $65,000 after acquiring an additional 348 shares in the last quarter. GAMMA Investing LLC grew its position in FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock worth $103,000 after acquiring an additional 202 shares during the last quarter. Quarry LP grew its position in FirstCash by 511.1% during the 2nd quarter. Quarry LP now owns 1,100 shares of the company’s stock worth $115,000 after acquiring an additional 920 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in FirstCash by 15.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,230 shares of the company’s stock worth $129,000 after purchasing an additional 164 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Insider Buying and Selling at FirstCash

In related news, CFO R Douglas Orr sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief financial officer now owns 88,715 shares in the company, valued at $9,375,401.20. This represents a 2.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.77% of the company’s stock.

FirstCash Trading Down 0.3 %

NASDAQ FCFS opened at $103.10 on Friday. The firm has a market capitalization of $4.61 billion, a PE ratio of 19.09 and a beta of 0.65. The business’s 50-day moving average price is $106.28 and its two-hundred day moving average price is $110.32. The company has a current ratio of 4.31, a quick ratio of 3.23 and a debt-to-equity ratio of 0.87. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $133.64.

FirstCash (NASDAQ:FCFS) last announced its earnings results on Thursday, October 24th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.62 by $0.05. The business had revenue of $837.30 million for the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a return on equity of 14.97% and a net margin of 7.29%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 earnings per share. On average, analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current year.

FirstCash Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FCFS shares. TD Cowen reduced their price target on FirstCash from $134.00 to $130.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Stephens assumed coverage on shares of FirstCash in a report on Wednesday, November 13th. They set an “overweight” rating and a $137.00 target price on the stock.

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.