BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires New Position in Upbound Group, Inc. (NASDAQ:UPBD)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Upbound Group, Inc. (NASDAQ:UPBD) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $737,000.

A number of other institutional investors also recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in shares of Upbound Group during the first quarter worth $29,000. Blue Trust Inc. increased its position in Upbound Group by 47.9% in the 2nd quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after purchasing an additional 362 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Upbound Group by 232.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after purchasing an additional 1,146 shares in the last quarter. TFO Wealth Partners LLC lifted its holdings in shares of Upbound Group by 44,716.7% during the 4th quarter. TFO Wealth Partners LLC now owns 2,689 shares of the company’s stock valued at $91,000 after buying an additional 2,683 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Upbound Group in the 1st quarter valued at approximately $112,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown acquired 1,031 shares of the stock in a transaction dated Tuesday, July 9th. The shares were acquired at an average price of $29.82 per share, for a total transaction of $30,744.42. Following the completion of the purchase, the director now owns 84,169 shares in the company, valued at approximately $2,509,919.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the completion of the sale, the executive vice president now owns 14,651 shares in the company, valued at approximately $498,134. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey J. Brown acquired 1,031 shares of the stock in a transaction dated Tuesday, July 9th. The shares were purchased at an average price of $29.82 per share, for a total transaction of $30,744.42. Following the completion of the transaction, the director now owns 84,169 shares of the company’s stock, valued at approximately $2,509,919.58. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

Upbound Group Price Performance

Shares of Upbound Group stock opened at $33.30 on Tuesday. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. The firm has a fifty day simple moving average of $32.42 and a 200-day simple moving average of $32.50. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -72.39 and a beta of 2.02. Upbound Group, Inc. has a 1-year low of $25.00 and a 1-year high of $38.72.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $1.11 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts expect that Upbound Group, Inc. will post 3.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Upbound Group in a research note on Friday, June 7th. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Financial Group cut their price target on shares of Upbound Group from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

Upbound Group Profile

Upbound Group, Inc leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels.