Oppenheimer Asset Management Inc. Acquires New Stake in FirstCash Holdings, Inc. $FCFS

Oppenheimer Asset Management Inc. acquired a new stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,505 shares of the company’s stock, valued at approximately $7,464,000.

A number of other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $2,761,000 after acquiring an additional 1,021 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of FirstCash by 9.7% during the first quarter. Goldman Sachs Group Inc. now owns 389,509 shares of the company’s stock worth $46,866,000 after acquiring an additional 34,364 shares during the period. Jane Street Group LLC increased its stake in shares of FirstCash by 237.2% during the first quarter. Jane Street Group LLC now owns 62,057 shares of the company’s stock worth $7,467,000 after acquiring an additional 43,653 shares during the period. American Century Companies Inc. raised its holdings in FirstCash by 4.9% during the second quarter. American Century Companies Inc. now owns 14,187 shares of the company’s stock worth $1,917,000 after purchasing an additional 666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in FirstCash by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 20,872 shares of the company’s stock worth $2,821,000 after purchasing an additional 8,402 shares in the last quarter. Hedge funds and other institutional investors own 80.30% of the company’s stock.

FirstCash Stock Performance

NASDAQ:FCFS opened at $214.75 on Friday. The firm’s fifty day simple moving average is $214.79 and its 200-day simple moving average is $205.32. The company has a quick ratio of 3.51, a current ratio of 4.89 and a debt-to-equity ratio of 1.01. The stock has a market cap of $9.31 billion, a PE ratio of 24.51 and a beta of 0.53. FirstCash Holdings, Inc. has a fifty-two week low of $135.64 and a fifty-two week high of $235.97.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.39 by $0.11. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.03 billion. FirstCash had a net margin of 9.42% and a return on equity of 19.65%. The business’s revenue for the quarter was up 29.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. Analysts expect that FirstCash Holdings, Inc. will post 11.85 earnings per share for the current fiscal year.

FirstCash Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.68 dividend on an annualized basis and a yield of 0.8%. FirstCash’s dividend payout ratio (DPR) is 19.18%.

Analyst Ratings Changes

A number of equities research analysts recently commented on FCFS shares. Canaccord Genuity Group raised their price objective 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. Loop Capital upgraded FirstCash from a “hold” rating to a “buy” rating and set a $255.00 target price on the stock in a research report on Monday. Weiss Ratings raised FirstCash from a “buy (b)” rating to a “buy (b+)” rating in a research note on Friday, August 7th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Finally, Zacks Research cut FirstCash from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $249.00.

Insider Activity at FirstCash

In other news, SVP Raul Ramos sold 6,835 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $225.23, for a total transaction of $1,539,447.05. Following the sale, the senior vice president owned 20,400 shares of the company’s stock, valued at $4,594,692. The trade was a 25.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas Brent Stuart sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $228.49, for a total value of $2,284,900.00. Following the completion of the sale, the chief operating officer owned 140,846 shares in the company, valued at approximately $32,181,902.54. This represents a 6.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 26,000 shares of company stock valued at $5,917,004. 2.86% of the stock is currently owned by corporate insiders.

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.