Upbound Group, Inc. $UPBD Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,051,636 shares of the company’s stock after buying an additional 77,450 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.82% of Upbound Group worth $25,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC boosted its position in shares of Upbound Group by 59.9% during the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock worth $31,000 after buying an additional 491 shares during the period. CWM LLC lifted its position in Upbound Group by 35.5% in the first quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $45,000 after purchasing an additional 493 shares during the period. Palouse Capital Management Inc. lifted its position in Upbound Group by 64.3% in the first quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company’s stock worth $159,000 after purchasing an additional 2,592 shares during the period. Freestone Grove Partners LP acquired a new stake in Upbound Group in the fourth quarter worth approximately $221,000. Finally, Crestline Management LP acquired a new stake in Upbound Group in the fourth quarter worth approximately $230,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UPBD. Raymond James Financial restated an “outperform” rating and issued a $35.00 target price (down from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Wall Street Zen downgraded Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Upbound Group presently has an average rating of “Moderate Buy” and an average price target of $34.50.

Insider Activity

In related news, Director Jeffrey J. Brown purchased 1,653 shares of the company’s stock in a transaction on Tuesday, July 8th. The shares were bought at an average price of $25.90 per share, with a total value of $42,812.70. Following the completion of the acquisition, the director owned 89,400 shares of the company’s stock, valued at approximately $2,315,460. This represents a 1.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Upbound Group Price Performance

NASDAQ UPBD opened at $24.04 on Thursday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 13.51 and a beta of 1.74. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The business’s fifty day moving average is $24.36 and its two-hundred day moving average is $24.44. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.07. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. On average, research analysts forecast that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.56 annualized dividend and a dividend yield of 6.5%. Upbound Group’s dividend payout ratio is currently 87.64%.

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.