Illinois Municipal Retirement Fund Has $808,000 Holdings in PROG Holdings, Inc. (NYSE:PRG)

Illinois Municipal Retirement Fund decreased its stake in shares of PROG Holdings, Inc. (NYSE:PRG) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,147 shares of the company’s stock after selling 1,599 shares during the period. Illinois Municipal Retirement Fund’s holdings in PROG were worth $808,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PRG. AE Wealth Management LLC acquired a new position in PROG during the third quarter valued at approximately $443,000. Robeco Institutional Asset Management B.V. raised its holdings in PROG by 152.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 63,390 shares of the company’s stock worth $2,105,000 after acquiring an additional 38,244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in PROG by 27.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,310 shares of the company’s stock worth $309,000 after acquiring an additional 2,020 shares during the period. BluePath Capital Management LLC acquired a new position in PROG during the 3rd quarter worth $31,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in PROG by 33.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 145,706 shares of the company’s stock valued at $4,839,000 after acquiring an additional 36,776 shares during the period. 97.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PRG. TD Cowen boosted their price objective on PROG from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Stephens upgraded PROG from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 2nd. Finally, Loop Capital increased their price objective on PROG from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $39.60.

PROG Stock Up 1.4 %

NYSE PRG opened at $34.50 on Tuesday. PROG Holdings, Inc. has a twelve month low of $26.39 and a twelve month high of $44.81. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.83 and a current ratio of 3.91. The stock has a market cap of $1.51 billion, a PE ratio of 14.08 and a beta of 2.08. The firm has a 50-day simple moving average of $32.43 and a 200 day simple moving average of $30.74.

PROG (NYSE:PRG) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The company had revenue of $641.87 million during the quarter, compared to the consensus estimate of $632.24 million. PROG had a return on equity of 26.67% and a net margin of 4.71%. On average, research analysts forecast that PROG Holdings, Inc. will post 3 EPS for the current year.

PROG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.39%. The ex-dividend date was Wednesday, March 13th. PROG’s dividend payout ratio (DPR) is presently 19.59%.

About PROG

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.