SG Americas Securities LLC purchased a new stake in Upbound Group, Inc. (NASDAQ:UPBD – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,440 shares of the company’s stock, valued at approximately $142,000.
Other institutional investors have also modified their holdings of the company. Headlands Technologies LLC acquired a new stake in shares of Upbound Group in the first quarter valued at $29,000. Blue Trust Inc. raised 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 valued at $34,000 after purchasing an additional 362 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Upbound Group in the 2nd quarter valued at about $42,000. Allspring Global Investments Holdings LLC grew its position in shares of Upbound Group by 232.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after buying an additional 1,146 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Upbound Group during the second quarter worth about $89,000. Institutional investors and hedge funds own 90.30% of the company’s stock.
Insider Activity
In other news, Director Jeffrey J. Brown purchased 1,065 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the purchase, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Ralph T. Montrone sold 15,000 shares of Upbound Group stock in a transaction on Monday, August 5th. The shares were sold at an average price of $32.48, for a total value of $487,200.00. Following the transaction, the executive vice president now directly owns 40,074 shares of the company’s stock, valued at $1,301,603.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jeffrey J. Brown purchased 1,065 shares of Upbound Group stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the transaction, the director now owns 85,234 shares in the company, valued at $2,493,094.50. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.
Upbound Group Stock Performance
Upbound Group (NASDAQ:UPBD – Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Upbound Group had a net margin of 1.31% and a return on equity of 32.94%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm posted $1.11 EPS. The company’s revenue was up 10.0% on a year-over-year basis. Research analysts predict that Upbound Group, Inc. will post 3.67 EPS for the current fiscal year.
Upbound Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date was Tuesday, October 1st. Upbound Group’s dividend payout ratio (DPR) is currently 151.02%.
Analysts Set New Price Targets
Several analysts recently weighed in on UPBD shares. Loop Capital reaffirmed a “hold” rating and issued a $36.00 target price on shares of Upbound Group in a report on Friday, September 13th. Jefferies Financial Group reduced their price objective on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.
Check Out Our Latest Report on Upbound Group
Upbound Group Company 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.
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