Upbound Group, Inc. (NASDAQ:UPBD) Holdings Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,515 shares of the company’s stock after acquiring an additional 1,122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Upbound Group worth $890,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Upbound Group by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company’s stock worth $197,804,000 after purchasing an additional 113,212 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Upbound Group by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company’s stock valued at $67,913,000 after purchasing an additional 92,766 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Upbound Group by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company’s stock worth $28,417,000 after buying an additional 60,139 shares in the last quarter. Huber Capital Management LLC lifted its holdings in shares of Upbound Group by 2.2% in the fourth quarter. Huber Capital Management LLC now owns 856,147 shares of the company’s stock valued at $24,974,000 after buying an additional 18,343 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Upbound Group by 15.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,757 shares of the company’s stock valued at $23,329,000 after buying an additional 105,380 shares during the period. 90.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on UPBD. Raymond James reaffirmed an “outperform” rating and set a $35.00 target price (down from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Loop Capital lowered their price objective 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 research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Upbound Group presently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

Insider Transactions at Upbound Group

In other news, CFO Fahmi Karam acquired 11,500 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $25.82 per share, with a total value of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This trade represents a 7.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey J. Brown bought 1,694 shares of the business’s stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average cost of $19.89 per share, for a total transaction of $33,693.66. Following the completion of the purchase, the director now owns 88,074 shares in the company, valued at approximately $1,751,791.86. This trade represents a 1.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 34,924 shares of company stock valued at $846,711 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

Upbound Group Stock Performance

UPBD opened at $22.88 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.32 billion, a PE ratio of 10.35 and a beta of 1.77. The business has a fifty day simple moving average of $22.82 and a 200-day simple moving average of $27.34. Upbound Group, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $38.72.

Upbound Group (NASDAQ:UPBD) last announced its earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.94 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. Upbound Group’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. As a group, equities analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 6.82%. The ex-dividend date was Wednesday, April 2nd. Upbound Group’s dividend payout ratio (DPR) is currently 73.24%.

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.