Bank of Montreal Can lessened its holdings in FirstCash Inc (NYSE:FCFS) by 64.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,474 shares of the credit services provider’s stock after selling 38,625 shares during the quarter. Bank of Montreal Can’s holdings in FirstCash were worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. bought a new position in shares of FirstCash during the 3rd quarter worth $1,736,000. Grandeur Peak Global Advisors LLC bought a new position in shares of FirstCash during the 3rd quarter worth $54,801,000. Insight Capital Research & Management Inc. bought a new position in shares of FirstCash during the 3rd quarter worth $913,000. Earnest Partners LLC grew its position in shares of FirstCash by 1.6% during the 3rd quarter. Earnest Partners LLC now owns 1,474,115 shares of the credit services provider’s stock worth $93,090,000 after buying an additional 22,690 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of FirstCash by 3.9% during the 3rd quarter. California Public Employees Retirement System now owns 166,423 shares of the credit services provider’s stock worth $10,510,000 after buying an additional 6,211 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.
Shares of FirstCash Inc (FCFS) opened at $72.30 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.69 and a current ratio of 6.99. The firm has a market capitalization of $3,454.06, a price-to-earnings ratio of 26.62, a P/E/G ratio of 1.10 and a beta of 0.80. FirstCash Inc has a 12 month low of $42.70 and a 12 month high of $75.35.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.22 per share. This is a boost from FirstCash’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, February 13th. FirstCash’s dividend payout ratio is 26.58%.
A number of equities analysts have recently issued reports on the company. Wedbush reissued an “outperform” rating and set a $83.00 price target (up previously from $75.00) on shares of FirstCash in a research report on Monday, February 5th. Zacks Investment Research raised FirstCash from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research report on Thursday, February 1st. ValuEngine downgraded FirstCash from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised FirstCash from a “sell” rating to a “hold” rating in a research report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $71.83.
In related news, CFO R Douglas Orr sold 5,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $73.43, for a total transaction of $367,150.00. Following the completion of the sale, the chief financial officer now directly owns 172,000 shares in the company, valued at approximately $12,629,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Brent Stuart acquired 1,080 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were bought at an average price of $73.64 per share, with a total value of $79,531.20. Following the completion of the purchase, the insider now directly owns 8,283 shares in the company, valued at $609,960.12. The disclosure for this purchase can be found here. Corporate insiders own 2.75% of the company’s stock.
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FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Latin America. The Company’s primary business is the operation of full-service pawn stores, which make small pawn loans secured by personal property, such as consumer electronics, jewelry, power tools, household appliances, sporting goods and musical instruments.
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