Northern Trust Corp Sells 7,736 Shares of FirstCash Inc (FCFS)

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Northern Trust Corp cut its position in shares of FirstCash Inc (NYSE:FCFS) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 852,133 shares of the credit services provider’s stock after selling 7,736 shares during the quarter. Northern Trust Corp owned approximately 1.96% of FirstCash worth $61,653,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP grew its position in shares of FirstCash by 8.5% during the third quarter. First Trust Advisors LP now owns 63,459 shares of the credit services provider’s stock valued at $5,204,000 after purchasing an additional 4,972 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of FirstCash by 87.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 8,816 shares of the credit services provider’s stock valued at $723,000 after purchasing an additional 4,110 shares in the last quarter. Dupont Capital Management Corp grew its position in shares of FirstCash by 174.1% during the third quarter. Dupont Capital Management Corp now owns 11,946 shares of the credit services provider’s stock valued at $980,000 after purchasing an additional 7,587 shares in the last quarter. Stone Ridge Asset Management LLC grew its position in shares of FirstCash by 49.9% during the third quarter. Stone Ridge Asset Management LLC now owns 10,424 shares of the credit services provider’s stock valued at $855,000 after purchasing an additional 3,471 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of FirstCash by 10.1% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,582 shares of the credit services provider’s stock valued at $868,000 after purchasing an additional 975 shares in the last quarter. Institutional investors and hedge funds own 95.30% of the company’s stock.

FCFS opened at $86.59 on Friday. FirstCash Inc has a 12 month low of $66.28 and a 12 month high of $95.40.

FirstCash (NYSE:FCFS) last released its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.01. The company had revenue of $481.21 million during the quarter, compared to analysts’ expectations of $489.76 million.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Thursday, February 14th were given a $0.25 dividend. The ex-dividend date was Wednesday, February 13th. This represents a $1.00 annualized dividend and a yield of 1.15%.

A number of research analysts have recently weighed in on FCFS shares. Zacks Investment Research lowered FirstCash from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Wedbush lowered FirstCash from an “outperform” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Monday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. FirstCash has a consensus rating of “Hold” and a consensus target price of $93.17.

In related news, CFO R Douglas Orr sold 5,000 shares of FirstCash stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $90.00, for a total value of $450,000.00. Following the completion of the transaction, the chief financial officer now owns 150,000 shares in the company, valued at $13,500,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel R. Feehan sold 11,093 shares of FirstCash stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $88.84, for a total value of $985,502.12. Following the completion of the transaction, the director now owns 56,008 shares of the company’s stock, valued at approximately $4,975,750.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,500 shares of company stock valued at $2,004,554. 2.83% of the stock is currently owned by company insiders.

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FirstCash Company Profile

FirstCash, Inc operates retail-based pawn and consumer finance stores in the United States and Mexico. Its pawn stores lend money on the collateral of pledged personal property, including consumer electronics, jewelry, power tools, household appliances, sporting goods, and musical instruments; and retails previously owned merchandise acquired through pawn forfeitures, as well as through purchases from the general public.

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Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

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