JPMorgan Chase & Co. Has $18.41 Million Stock Holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS)

JPMorgan Chase & Co. lifted its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 32.2% during the third quarter, HoldingsChannel reports. The firm owned 160,379 shares of the company’s stock after buying an additional 39,077 shares during the quarter. JPMorgan Chase & Co.’s holdings in FirstCash were worth $18,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FCFS. Thrivent Financial for Lutherans raised its stake in FirstCash by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,147 shares of the company’s stock worth $1,050,000 after buying an additional 138 shares during the period. HighTower Advisors LLC increased its holdings in shares of FirstCash by 2.7% in the third quarter. HighTower Advisors LLC now owns 7,486 shares of the company’s stock worth $856,000 after acquiring an additional 195 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of FirstCash by 1.9% in the second quarter. Arizona State Retirement System now owns 10,734 shares of the company’s stock worth $1,126,000 after acquiring an additional 197 shares in the last quarter. Martingale Asset Management L P raised its position in shares of FirstCash by 0.9% during the third quarter. Martingale Asset Management L P now owns 21,834 shares of the company’s stock worth $2,507,000 after purchasing an additional 200 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of FirstCash by 28.9% during the 3rd quarter. GAMMA Investing LLC now owns 900 shares of the company’s stock valued at $103,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FCFS shares. TD Cowen lowered their target price on FirstCash from $134.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Stephens assumed 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.

Insiders Place Their Bets

In other news, CFO R Douglas Orr sold 2,000 shares of the company’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 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 SEC, which is available at this link. Insiders own 14.77% of the company’s stock.

FirstCash Stock Up 0.1 %

NASDAQ:FCFS opened at $106.81 on Friday. The stock has a 50-day simple moving average of $105.86 and a 200 day simple moving average of $110.01. FirstCash Holdings, Inc. has a 52-week low of $100.24 and a 52-week high of $133.64. The company has a market cap of $4.78 billion, a PE ratio of 19.78 and a beta of 0.66. 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 issued its quarterly earnings results on Thursday, October 24th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.05. The company had revenue of $837.30 million during the quarter, compared to analysts’ expectations of $843.94 million. FirstCash had a net margin of 7.29% and a return on equity of 14.97%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. On average, sell-side analysts expect that FirstCash Holdings, Inc. will post 6.6 EPS for the current fiscal year.

FirstCash Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.52 annualized dividend and a yield of 1.42%. FirstCash’s payout ratio is currently 28.15%.

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.