J.Safra Asset Management Corp Sells 257 Shares of FirstCash Holdings, Inc. $FCFS

J.Safra Asset Management Corp reduced its position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 52.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 234 shares of the company’s stock after selling 257 shares during the period. J.Safra Asset Management Corp’s holdings in FirstCash were worth $31,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of FirstCash by 808.0% during the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock valued at $27,000 after purchasing an additional 202 shares in the last quarter. IFP Advisors Inc raised its position in FirstCash by 181.6% in the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after acquiring an additional 187 shares during the period. CX Institutional bought a new stake in FirstCash in the first quarter worth about $42,000. Bayforest Capital Ltd raised its position in FirstCash by 169.9% in the second quarter. Bayforest Capital Ltd now owns 448 shares of the company’s stock worth $61,000 after acquiring an additional 282 shares during the period. Finally, CWM LLC raised its position in FirstCash by 92.9% in the first quarter. CWM LLC now owns 517 shares of the company’s stock worth $62,000 after acquiring an additional 249 shares during the period. 80.30% of the stock is owned by institutional investors.

Insider Transactions at FirstCash

In other news, CEO Rick L. Wessel sold 30,976 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $139.33, for a total transaction of $4,315,886.08. Following the completion of the transaction, the chief executive officer directly owned 901,982 shares in the company, valued at $125,673,152.06. The trade was a 3.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO R Douglas Orr sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $146.40, for a total transaction of $366,000.00. Following the completion of the transaction, the chief financial officer directly owned 41,734 shares in the company, valued at approximately $6,109,857.60. The trade was a 5.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,500 shares of company stock valued at $15,493,610. 14.77% of the stock is currently owned by corporate insiders.

FirstCash Trading Up 3.4%

Shares of FCFS stock opened at $158.93 on Wednesday. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 24.41 and a beta of 0.69. The company’s fifty day simple moving average is $146.96 and its two-hundred day simple moving average is $134.99. FirstCash Holdings, Inc. has a 1 year low of $100.24 and a 1 year high of $159.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 4.21 and a quick ratio of 3.12.

FirstCash (NASDAQ:FCFS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.13. The firm had revenue of $830.62 million during the quarter, compared to analyst estimates of $820.42 million. FirstCash had a return on equity of 16.63% and a net margin of 8.61%.The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. As a group, analysts anticipate that FirstCash Holdings, Inc. will post 7.7 earnings per share for the current year.

FirstCash Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.42 per share. This is a boost from FirstCash’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 15th. FirstCash’s dividend payout ratio (DPR) is currently 25.81%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Capital One Financial set a $160.00 price objective on shares of FirstCash in a research report on Tuesday, August 5th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $200.00 price objective on shares of FirstCash in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of FirstCash in a research report on Wednesday, October 8th. Cowen reaffirmed a “buy” rating on shares of FirstCash in a research report on Monday, August 18th. Finally, Loop Capital lowered shares of FirstCash from a “buy” rating to a “hold” rating and set a $145.00 price objective on the stock. in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $154.40.

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.