Upbound Group, Inc. $UPBD Stake Raised by Invesco Ltd.

Invesco Ltd. lifted its stake in Upbound Group, Inc. (NASDAQ:UPBD) by 4.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 454,124 shares of the company’s stock after purchasing an additional 19,305 shares during the quarter. Invesco Ltd. owned 0.79% of Upbound Group worth $10,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC boosted its position in shares of Upbound Group by 59.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company’s stock valued at $31,000 after purchasing an additional 491 shares during the period. CWM LLC boosted its position in shares of Upbound Group by 35.5% in the 1st quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $45,000 after purchasing an additional 493 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Upbound Group by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company’s stock valued at $577,000 after purchasing an additional 600 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Upbound Group by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 28,301 shares of the company’s stock valued at $678,000 after purchasing an additional 692 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Upbound Group by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,515 shares of the company’s stock valued at $890,000 after purchasing an additional 1,122 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 8th. The stock was purchased at an average price of $25.90 per share, with a total value of $42,812.70. Following the completion of the transaction, the director owned 89,400 shares in the company, valued at approximately $2,315,460. This trade represents a 1.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

Upbound Group Trading Up 5.8%

Shares of NASDAQ:UPBD opened at $25.23 on Monday. The firm has a fifty day moving average of $24.34 and a two-hundred day moving average of $24.31. The firm has a market capitalization of $1.46 billion, a P/E ratio of 14.17 and a beta of 1.74. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month high of $36.00. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. The firm had revenue of $1.16 billion during 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 business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm 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, equities analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed 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 of this dividend was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a yield of 6.2%. Upbound Group’s dividend payout ratio (DPR) is presently 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.