Swiss National Bank Trims Stake in Upbound Group, Inc. $UPBD

Swiss National Bank reduced its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,100 shares of the company’s stock after selling 1,000 shares during the period. Swiss National Bank owned about 0.16% of Upbound Group worth $2,159,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UPBD. Vanguard Group Inc. increased its holdings in Upbound Group by 3.6% during the first quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company’s stock valued at $168,339,000 after buying an additional 244,746 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Upbound Group during the fourth quarter valued at approximately $5,201,000. Wellington Management Group LLP increased its holdings in Upbound Group by 37.9% during the fourth quarter. Wellington Management Group LLP now owns 559,120 shares of the company’s stock valued at $16,310,000 after buying an additional 153,551 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Upbound Group during the fourth quarter valued at approximately $3,922,000. Finally, Northern Trust Corp boosted its position in shares of Upbound Group by 22.0% in the fourth quarter. Northern Trust Corp now owns 653,053 shares of the company’s stock worth $19,050,000 after purchasing an additional 117,926 shares during the period. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Stock Performance

UPBD opened at $25.23 on Friday. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The company has a 50 day simple moving average of $24.34 and a two-hundred day simple moving average of $24.35. Upbound Group, Inc. has a 1-year low of $19.65 and a 1-year high of $36.00. The firm has a market cap of $1.46 billion, a P/E ratio of 14.17 and a beta of 1.74.

Upbound Group (NASDAQ:UPBD) last issued its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. Upbound Group’s revenue for the quarter was up 7.5% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Equities 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 announced a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.2%. Upbound Group’s dividend payout ratio is currently 87.64%.

Insider Buying and Selling at Upbound Group

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

Analyst Ratings Changes

UPBD has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $35.00 price target (down from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

About Upbound Group

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.