Corebridge Financial Inc. Has $6.52 Million Stake in FirstCash Holdings, Inc. (NASDAQ:FCFS)

Corebridge Financial Inc. reduced its holdings in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,932 shares of the company’s stock after selling 3,413 shares during the quarter. Corebridge Financial Inc. owned approximately 0.14% of FirstCash worth $6,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FCFS. FMR LLC raised its position in FirstCash by 18.3% in the 3rd quarter. FMR LLC now owns 6,712,779 shares of the company’s stock valued at $770,627,000 after purchasing an additional 1,037,601 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of FirstCash by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,112,978 shares of the company’s stock valued at $426,105,000 after buying an additional 22,009 shares in the last quarter. State Street Corp raised its holdings in shares of FirstCash by 2.1% in the third quarter. State Street Corp now owns 1,386,726 shares of the company’s stock valued at $159,196,000 after buying an additional 28,415 shares during the last quarter. Sei Investments Co. lifted its position in FirstCash by 5.4% during the 4th quarter. Sei Investments Co. now owns 648,582 shares of the company’s stock worth $67,193,000 after buying an additional 33,040 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in FirstCash by 28.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 560,591 shares of the company’s stock worth $58,076,000 after buying an additional 123,386 shares in the last quarter. 80.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

FirstCash Stock Down 0.7 %

Shares of FCFS opened at $119.36 on Friday. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 20.83 and a beta of 0.63. FirstCash Holdings, Inc. has a 52 week low of $100.24 and a 52 week high of $133.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 3.15 and a current ratio of 4.14. The business’s fifty day moving average price is $114.58 and its two-hundred day moving average price is $110.94.

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

FirstCash Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Friday, February 14th. FirstCash’s dividend payout ratio is presently 26.53%.

Insider Buying and Selling at FirstCash

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

FirstCash 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.