FirstCash Inc (FCFS) Shares Sold by Bank of Montreal Can

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.

FirstCash (NYSE:FCFS) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.10. The firm had revenue of $480.21 million during the quarter, compared to analysts’ expectations of $467.32 million. FirstCash had a return on equity of 8.86% and a net margin of 8.08%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. analysts anticipate that FirstCash Inc will post 3.31 earnings per share for the current fiscal year.

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 Profile

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.

Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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