2 weeks Ago By ABMN Staff
Prudential Financial Inc. decreased its position in Upbound Group, Inc. ( NASDAQ:UPBD – Free Report ) by 1.
0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,162 shares of the company’s stock after selling 509 shares during the quarter. Prudential Financial Inc.
’s holdings in Upbound Group were worth $1,594,000 at the end of the most recent quarter. Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc.
raised its holdings in shares of Upbound Group by 1.7% in the 4th quarter. Vanguard Group Inc.
now owns 6,781,075 shares of the company’s stock valued at $197,804,000 after purchasing an additional 113,212 shares in the last quarter. State Street Corp increased its holdings in Upbound Group by 2.2% in the third quarter.
State Street Corp now owns 2,028,224 shares of the company’s stock valued at $64,883,000 after buying an additional 43,814 shares during the last quarter. Geode Capital Management LLC raised its stake in Upbound Group by 4.7% in the third quarter.
Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock valued at $38,968,000 after buying an additional 54,427 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Upbound Group by 6.
6% during 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 during the last quarter.
Finally, Bank of New York Mellon Corp boosted its position in shares of Upbound Group by 7.4% during the 4th quarter. Bank of New York Mellon Corp now owns 797,478 shares of the company’s stock worth $23,262,000 after acquiring an additional 54,771 shares in the last quarter.
Hedge funds and other institutional investors own 90.30% of the company’s stock. Wall Street Analyst Weigh In Separately, Loop Capital decreased their target price on Upbound Group from $33.
00 to $30.00 and set a “hold” rating for the company in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.
Upbound Group Stock Performance Shares of UPBD stock opened at $21.98 on Friday. The stock’s 50-day moving average is $26.
60 and its two-hundred day moving average is $29.30. The company has a debt-to-equity ratio of 2.
08, a quick ratio of 0.86 and a current ratio of 3.66.
Upbound Group, Inc. has a 1 year low of $20.45 and a 1 year high of $38.
72. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 9.
95 and a beta of 2.01. Upbound Group ( NASDAQ:UPBD – Get Free Report ) last released its quarterly earnings results on Thursday, February 20th.
The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.
02. Upbound Group had a return on equity of 35.47% and a net margin of 2.
86%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.
06 billion. Analysts predict that Upbound Group, Inc. will post 4.
28 earnings per share for the current year. Upbound Group Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be given a $0.
39 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.
56 annualized dividend and a yield of 7.10%. Upbound Group’s dividend payout ratio (DPR) is 70.
59%. Insider Buying and Selling In related news, Director Jeffrey J. Brown purchased 1,146 shares of the business’s stock in a transaction dated Tuesday, January 7th.
The stock was acquired at an average price of $29.01 per share, for a total transaction of $33,245.46.
Following the completion of the purchase, the director now directly owns 86,380 shares of the company’s stock, valued at $2,505,883.80. This trade represents a 1.
34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, CFO Fahmi Karam acquired 11,500 shares of the stock in a transaction that occurred on Monday, March 10th.
The stock was purchased at an average price of $25.82 per share, for a total transaction of $296,930.00.
Following the completion of the transaction, the chief financial officer now owns 164,672 shares in the company, valued at $4,251,831.04. The trade was a 7.
51 % increase in their ownership of the stock. The disclosure for this purchase can be found here . 2.
70% of the stock is owned by company insiders. Upbound Group Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding UPBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upbound Group, Inc.
( NASDAQ:UPBD – Free Report ). Receive News & Ratings for Upbound Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upbound Group and related companies with MarketBeat.com's FREE daily email newsletter .
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