Beacon Financial Group Makes New $1.79 Million Investment in Upbound Group, Inc. $UPBD

Beacon Financial Group purchased a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 75,876 shares of the company’s stock, valued at approximately $1,793,000. Beacon Financial Group owned about 0.13% of Upbound Group at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of UPBD. GAMMA Investing LLC increased its position in Upbound Group by 414.1% in the second quarter. GAMMA Investing LLC now owns 2,617 shares of the company’s stock worth $66,000 after buying an additional 2,108 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Upbound Group in the 2nd quarter valued at approximately $95,000. Advisors Asset Management Inc. raised its holdings in Upbound Group by 179.4% during the 1st quarter. Advisors Asset Management Inc. now owns 3,912 shares of the company’s stock valued at $94,000 after acquiring an additional 2,512 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Upbound Group by 47.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,891 shares of the company’s stock worth $123,000 after acquiring an additional 1,574 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Upbound Group in the second quarter valued at $199,000. Institutional investors own 90.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UPBD shares. BTIG Research decreased their price target on Upbound Group from $40.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Upbound Group in a report on Monday. Zacks Research lowered shares of Upbound Group from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. TD Cowen lowered their price objective on shares of Upbound Group from $36.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, Loop Capital upgraded shares of Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.50.

Upbound Group Stock Down 0.7%

Shares of Upbound Group stock opened at $17.79 on Thursday. The company’s fifty day simple moving average is $19.29 and its two-hundred day simple moving average is $22.74. Upbound Group, Inc. has a 12-month low of $15.82 and a 12-month high of $32.10. The company has a current ratio of 3.16, a quick ratio of 0.98 and a debt-to-equity ratio of 2.25. The company has a market cap of $1.03 billion, a P/E ratio of 12.27 and a beta of 1.87.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. Upbound Group had a net margin of 1.85% and a return on equity of 36.08%. Upbound Group’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.150 EPS. Research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Wednesday, December 17th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $1.56 annualized dividend and a yield of 8.8%. Upbound Group’s payout ratio is presently 107.59%.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,951 shares of the company’s stock in a transaction on Tuesday, October 21st. The shares were acquired at an average cost of $22.27 per share, with a total value of $43,448.77. Following the completion of the acquisition, the director owned 90,965 shares of the company’s stock, valued at $2,025,790.55. The trade was a 2.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.

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.