J.Safra Asset Management Corp Acquires 127 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

J.Safra Asset Management Corp grew its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 454 shares of the company’s stock after purchasing an additional 127 shares during the quarter. J.Safra Asset Management Corp’s holdings in FirstCash were worth $47,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in FirstCash by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 519,945 shares of the company’s stock worth $53,866,000 after acquiring an additional 21,685 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in FirstCash by 7.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,370 shares of the company’s stock worth $142,000 after acquiring an additional 94 shares during the last quarter. Versor Investments LP bought a new position in FirstCash during the 4th quarter worth approximately $458,000. Bank of New York Mellon Corp boosted its stake in FirstCash by 8.7% during the 4th quarter. Bank of New York Mellon Corp now owns 387,685 shares of the company’s stock worth $40,164,000 after acquiring an additional 30,948 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in FirstCash by 55.9% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,934 shares of the company’s stock worth $615,000 after acquiring an additional 2,128 shares during the last quarter. Institutional investors own 80.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stephens reissued an “overweight” rating and set a $137.00 price objective on shares of FirstCash in a research note on Wednesday, February 19th.

Insider Activity

In other news, CFO R Douglas Orr sold 2,000 shares of FirstCash stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the sale, the chief financial officer now directly owns 100,567 shares in the company, valued at $11,399,269.45. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Douglas Richard Rippel sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $113.43, for a total transaction of $34,029,000.00. Following the transaction, the insider now owns 4,431,869 shares in the company, valued at approximately $502,706,900.67. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.77% of the stock is owned by corporate insiders.

FirstCash Stock Performance

Shares of FCFS opened at $113.76 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. FirstCash Holdings, Inc. has a twelve month low of $100.24 and a twelve month high of $133.64. The firm’s 50 day moving average price is $110.99 and its two-hundred day moving average price is $111.03. The firm has a market cap of $5.09 billion, a P/E ratio of 19.85 and a beta of 0.63.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings results on Thursday, January 30th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.10. FirstCash had a net margin of 7.64% and a return on equity of 14.99%. On average, analysts forecast that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.34%. FirstCash’s dividend payout ratio (DPR) is presently 26.53%.

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.