LPL Financial LLC Sells 731 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

LPL Financial LLC lessened its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,326 shares of the company’s stock after selling 731 shares during the quarter. LPL Financial LLC’s holdings in Upbound Group were worth $593,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Upbound Group by 171.9% in the fourth quarter. Victory Capital Management Inc. now owns 267,618 shares of the company’s stock valued at $7,806,000 after buying an additional 169,197 shares during the period. Raymond James Financial Inc. bought a new stake in Upbound Group in the 4th quarter valued at about $3,922,000. JPMorgan Chase & Co. raised its stake in Upbound Group by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock valued at $5,835,000 after acquiring an additional 103,212 shares during the period. Barclays PLC lifted its holdings in Upbound Group by 42.5% during the third quarter. Barclays PLC now owns 316,225 shares of the company’s stock valued at $10,116,000 after purchasing an additional 94,333 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Upbound Group by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company’s stock worth $28,417,000 after purchasing an additional 60,139 shares during the period. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Insider Transactions at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,694 shares of the business’s stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average price of $19.89 per share, with a total value of $33,693.66. Following the completion of the acquisition, the director now owns 88,074 shares of the company’s stock, valued at $1,751,791.86. This trade represents a 1.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Fahmi Karam acquired 11,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, the chief financial officer now owns 164,672 shares of the company’s stock, valued at $4,251,831.04. The trade was a 7.51 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price target on shares of Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Upbound Group has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Upbound Group Stock Performance

NASDAQ:UPBD opened at $20.39 on Thursday. Upbound Group, Inc. has a 52-week low of $19.69 and a 52-week high of $38.72. The business’s fifty day moving average is $24.01 and its 200 day moving average is $28.33. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 9.23 and a beta of 1.90.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.65%. Upbound Group’s dividend payout ratio (DPR) is currently 70.59%.

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.