3,462 Shares in FirstCash Holdings, Inc. $FCFS Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC acquired a new position in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,462 shares of the company’s stock, valued at approximately $651,000.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of FirstCash by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,946 shares of the company’s stock valued at $2,761,000 after purchasing an additional 1,021 shares during the period. Goldman Sachs Group Inc. raised its position in FirstCash by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock valued at $46,866,000 after buying an additional 34,364 shares during the last quarter. Jane Street Group LLC raised its position in FirstCash by 237.2% in the 1st quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock valued at $7,467,000 after buying an additional 43,653 shares during the last quarter. American Century Companies Inc. raised its position in FirstCash by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock valued at $1,917,000 after buying an additional 666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in FirstCash by 67.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock valued at $2,821,000 after acquiring an additional 8,402 shares in the last quarter. 80.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other FirstCash news, Director Paula K. Garrett sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $217.40, for a total value of $326,100.00. Following the transaction, the director directly owned 6,564 shares of the company’s stock, valued at $1,427,013.60. This trade represents a 18.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Howard F. Hambleton sold 3,000 shares of FirstCash stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $226.41, for a total transaction of $679,230.00. Following the completion of the transaction, the insider directly owned 32,406 shares in the company, valued at $7,337,042.46. This trade represents a 8.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 27,500 shares of company stock valued at $6,243,104 over the last 90 days. 2.86% of the stock is owned by company insiders.

FirstCash Trading Down 0.5%

FCFS stock opened at $223.25 on Wednesday. FirstCash Holdings, Inc. has a one year low of $119.21 and a one year high of $235.97. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 27.98 and a beta of 0.53. The company has a fifty day moving average price of $222.80 and a two-hundred day moving average price of $196.74. The company has a debt-to-equity ratio of 0.98, a current ratio of 4.77 and a quick ratio of 3.42.

FirstCash (NASDAQ:FCFS) last issued its quarterly earnings data on Thursday, April 23rd. The company reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.39. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1 billion. FirstCash had a return on equity of 18.68% and a net margin of 9.15%.The business’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.07 earnings per share. Equities analysts anticipate that FirstCash Holdings, Inc. will post 11.3 EPS for the current year.

FirstCash Announces Dividend

The business also recently declared 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 was Friday, May 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is presently 21.05%.

FirstCash Company Profile

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.