APG Asset Management N.V. Takes $1.87 Million Position in FirstCash Inc (FCFS)
APG Asset Management N.V. bought a new stake in shares of FirstCash Inc (NASDAQ:FCFS) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,600 shares of the credit services provider’s stock, valued at approximately $1,869,000. APG Asset Management N.V. owned approximately 0.06% of FirstCash at the end of the most recent quarter.
Several other large investors have also bought and sold shares of FCFS. Vanguard Group Inc. lifted its holdings in shares of FirstCash by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 4,147,634 shares of the credit services provider’s stock valued at $203,857,000 after acquiring an additional 193,896 shares in the last quarter. Stephens Investment Management Group LLC acquired a new position in shares of FirstCash during the 2nd quarter valued at $9,753,000. Boston Partners lifted its holdings in shares of FirstCash by 18.3% during the 2nd quarter. Boston Partners now owns 1,014,894 shares of the credit services provider’s stock valued at $59,168,000 after acquiring an additional 156,853 shares in the last quarter. Northpointe Capital LLC acquired a new position in shares of FirstCash during the 2nd quarter valued at $7,874,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of FirstCash during the 3rd quarter valued at $8,506,000.
Shares of FirstCash Inc (NASDAQ:FCFS) opened at $64.25 on Wednesday. FirstCash Inc has a one year low of $39.80 and a one year high of $65.60.
FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. The firm had revenue of $435.40 million for the quarter, compared to the consensus estimate of $418.57 million. FirstCash had a net margin of 3.66% and a return on equity of 4.10%. The firm’s quarterly revenue was up 66.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 13th will be given a $0.20 dividend. The ex-dividend date is Friday, November 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.25%. This is an increase from FirstCash’s previous quarterly dividend of $0.19.
FirstCash announced that its board has authorized a stock buyback program on Thursday, October 26th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the credit services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Several equities analysts recently weighed in on FCFS shares. Zacks Investment Research upgraded shares of FirstCash from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, July 11th. Janney Montgomery Scott lowered shares of FirstCash from a “buy” rating to a “neutral” rating and reduced their target price for the company from $58.55 to $58.00 in a report on Monday, July 17th. BidaskClub lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. CL King downgraded shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, JMP Securities lifted their price target on shares of FirstCash and gave the stock an “outperform” rating in a research note on Friday, July 28th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. FirstCash has a consensus rating of “Buy” and a consensus target price of $65.14.
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.
Want to see what other hedge funds are holding FCFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FirstCash Inc (NASDAQ:FCFS).
Receive News & Stock Ratings for FirstCash Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash Inc and related stocks with our FREE daily email newsletter.