SG Americas Securities LLC Purchases New Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

SG Americas Securities LLC acquired a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 4,440 shares of the company’s stock, valued at approximately $142,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UPBD. Allspring Global Investments Holdings LLC raised its stake in shares of Upbound Group by 232.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,640 shares of the company’s stock worth $58,000 after purchasing an additional 1,146 shares during the last quarter. Principal Financial Group Inc. raised its position in Upbound Group by 6.3% during the 1st quarter. Principal Financial Group Inc. now owns 247,592 shares of the company’s stock worth $8,718,000 after buying an additional 14,728 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Upbound Group in the 1st quarter worth $627,000. Texas Permanent School Fund Corp lifted its stake in shares of Upbound Group by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 38,965 shares of the company’s stock worth $1,372,000 after acquiring an additional 522 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Upbound Group by 43.0% in the first quarter. LSV Asset Management now owns 1,693,695 shares of the company’s stock valued at $59,635,000 after acquiring an additional 509,343 shares in the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Upbound Group Price Performance

UPBD stock opened at $26.79 on Friday. The firm has a 50 day moving average of $30.66 and a 200-day moving average of $31.57. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 27.34 and a beta of 2.00. The company has a current ratio of 3.96, a quick ratio of 0.84 and a debt-to-equity ratio of 2.21. Upbound Group, Inc. has a 12-month low of $25.00 and a 12-month high of $38.72.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Upbound Group had a return on equity of 32.94% and a net margin of 1.31%. Upbound Group’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 earnings per share. As a group, equities analysts expect that Upbound Group, Inc. will post 3.67 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 5.52%. Upbound Group’s payout ratio is 151.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Jefferies Financial Group cut their price target on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a report on Tuesday, October 1st. Loop Capital reissued a “hold” rating and set a $36.00 target price on shares of Upbound Group in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Upbound Group presently has an average rating of “Moderate Buy” and a consensus price target of $40.00.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, EVP Transient C. Taylor sold 15,127 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now owns 14,651 shares of the company’s stock, valued at $498,134. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Transient C. Taylor sold 15,127 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the sale, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey J. Brown acquired 1,065 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average cost of $29.25 per share, for a total transaction of $31,151.25. Following the purchase, the director now owns 85,234 shares of the company’s stock, valued at approximately $2,493,094.50. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by insiders.

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.