Prudential Financial Inc. Has $7.01 Million Position in FirstCash Inc (NYSE:FCFS)

Prudential Financial Inc. lessened its stake in FirstCash Inc (NYSE:FCFS) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,062 shares of the credit services provider’s stock after selling 2,120 shares during the period. Prudential Financial Inc.’s holdings in FirstCash were worth $7,008,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FCFS. BlackRock Inc. increased its stake in FirstCash by 0.8% during the first quarter. BlackRock Inc. now owns 6,373,947 shares of the credit services provider’s stock valued at $551,346,000 after acquiring an additional 53,127 shares during the period. FMR LLC raised its stake in shares of FirstCash by 55.5% in the first quarter. FMR LLC now owns 2,719,587 shares of the credit services provider’s stock valued at $235,244,000 after purchasing an additional 970,130 shares in the last quarter. Stephens Investment Management Group LLC raised its stake in shares of FirstCash by 13.8% in the second quarter. Stephens Investment Management Group LLC now owns 711,120 shares of the credit services provider’s stock valued at $71,126,000 after purchasing an additional 86,312 shares in the last quarter. Wells Fargo & Company MN lifted its position in FirstCash by 4.5% in the first quarter. Wells Fargo & Company MN now owns 675,202 shares of the credit services provider’s stock worth $58,406,000 after purchasing an additional 29,143 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its position in FirstCash by 52.9% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 548,694 shares of the credit services provider’s stock worth $47,462,000 after purchasing an additional 189,785 shares during the period. 95.30% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director James H. Graves sold 3,597 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $99.33, for a total transaction of $357,290.01. Following the completion of the sale, the director now owns 21,272 shares of the company’s stock, valued at $2,112,947.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO R Douglas Orr sold 2,500 shares of FirstCash stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $101.83, for a total transaction of $254,575.00. Following the completion of the transaction, the chief financial officer now owns 135,000 shares of the company’s stock, valued at approximately $13,747,050. The disclosure for this sale can be found here. 2.83% of the stock is currently owned by company insiders.



Several equities research analysts have issued reports on FCFS shares. Zacks Investment Research raised shares of FirstCash from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Jefferies Financial Group increased their price objective on shares of FirstCash from $107.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Finally, Barclays lowered shares of FirstCash from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 24th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. FirstCash has an average rating of “Hold” and a consensus price target of $106.00.

Shares of FCFS stock traded up $1.87 during trading hours on Wednesday, hitting $97.68. The company had a trading volume of 1,591 shares, compared to its average volume of 201,057. FirstCash Inc has a 12 month low of $66.28 and a 12 month high of $106.80. The firm’s fifty day moving average is $99.79 and its 200 day moving average is $95.48.

FirstCash (NYSE:FCFS) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.01. The company had revenue of $446.00 million for the quarter, compared to the consensus estimate of $435.50 million. FirstCash’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.02%.

About FirstCash

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.

Recommended Story: What causes a yield curve to invert?

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 (NYSE:FCFS).

Institutional Ownership by Quarter for FirstCash (NYSE:FCFS)

Receive News & Ratings for FirstCash Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FirstCash and related companies with MarketBeat.com's FREE daily email newsletter.