Hsbc Holdings PLC Takes $5.48 Million Position in FirstCash Holdings, Inc. $FCFS

Hsbc Holdings PLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 34,170 shares of the company’s stock, valued at approximately $5,476,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SHP Wealth Management acquired a new stake in FirstCash during the 4th quarter valued at $48,000. Midway Capital Research & Management acquired a new position in shares of FirstCash in the fourth quarter worth $2,220,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of FirstCash by 531.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 259 shares of the company’s stock valued at $41,000 after acquiring an additional 218 shares during the last quarter. Villanova Investment Management Co LLC increased its position in FirstCash by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 12,783 shares of the company’s stock worth $2,037,000 after purchasing an additional 54 shares in the last quarter. Finally, Invesco Ltd. increased its position in FirstCash by 8.5% during the 4th quarter. Invesco Ltd. now owns 319,972 shares of the company’s stock worth $50,997,000 after purchasing an additional 25,001 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. TD Cowen lifted their price target on shares of FirstCash from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity Group lifted their price target on shares of FirstCash from $242.00 to $252.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings lowered shares of FirstCash from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $199.25.

FirstCash Stock Performance

NASDAQ FCFS opened at $221.42 on Friday. The business’s 50-day moving average price is $222.91 and its 200 day moving average price is $197.55. FirstCash Holdings, Inc. has a twelve month low of $119.21 and a twelve month high of $235.97. The company has a market capitalization of $9.71 billion, a PE ratio of 27.75 and a beta of 0.53. The company has a current ratio of 4.77, a quick ratio of 3.42 and a debt-to-equity ratio of 0.98.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, April 23rd. The company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.30 by $0.39. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business earned $2.07 EPS. The firm’s revenue was up 25.7% on a year-over-year basis. On average, research analysts predict that FirstCash Holdings, Inc. will post 11.33 earnings per share for the current year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.68 annualized dividend and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is currently 21.05%.

Insiders Place Their Bets

In other FirstCash news, CFO R Douglas Orr sold 2,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $227.29, for a total transaction of $454,580.00. Following the transaction, the chief financial officer owned 35,734 shares of the company’s stock, valued at $8,121,980.86. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Thomas Brent Stuart sold 10,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $228.49, for a total transaction of $2,284,900.00. Following the transaction, the chief operating officer directly owned 140,846 shares in the company, valued at approximately $32,181,902.54. This represents a 6.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 27,500 shares of company stock valued at $6,243,104. 2.86% of the stock is currently owned by corporate insiders.

About FirstCash

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.