Hsbc Holdings PLC Invests $398,000 in Upbound Group, Inc. $UPBD

Hsbc Holdings PLC purchased a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,653 shares of the company’s stock, valued at approximately $398,000.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Upbound Group by 259.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,062 shares of the company’s stock worth $6,311,000 after acquiring an additional 192,674 shares during the period. Range Financial Group LLC purchased a new stake in Upbound Group in the 4th quarter worth approximately $1,332,000. Western Standard LLC bought a new position in Upbound Group in the 4th quarter valued at $1,756,000. Kennedy Capital Management LLC boosted its holdings in Upbound Group by 13.5% in the 4th quarter. Kennedy Capital Management LLC now owns 672,289 shares of the company’s stock valued at $11,805,000 after purchasing an additional 79,988 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Upbound Group by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 7,132,443 shares of the company’s stock valued at $125,246,000 after purchasing an additional 231,293 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company’s stock.

Upbound Group Stock Down 2.6%

Shares of Upbound Group stock opened at $22.16 on Friday. The company’s fifty day simple moving average is $19.13 and its two-hundred day simple moving average is $19.21. Upbound Group, Inc. has a 12-month low of $15.82 and a 12-month high of $28.02. The company has a current ratio of 3.06, a quick ratio of 0.88 and a debt-to-equity ratio of 2.01. The company has a market cap of $1.29 billion, a P/E ratio of 15.50 and a beta of 1.79.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, April 30th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. Upbound Group had a net margin of 1.78% and a return on equity of 35.56%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis. Upbound Group has set its Q2 2026 guidance at 1.000-1.100 EPS and its FY 2026 guidance at 4.000-4.350 EPS. Research analysts anticipate that Upbound Group, Inc. will post 4.15 EPS for the current year.

Upbound Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a yield of 7.0%. Upbound Group’s dividend payout ratio is 109.09%.

Wall Street Analyst Weigh In

Several research firms have weighed in on UPBD. TD Cowen raised their price target on Upbound Group from $28.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Zacks Research cut shares of Upbound Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a research note on Wednesday, June 24th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown bought 2,329 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average cost of $19.41 per share, for a total transaction of $45,205.89. Following the purchase, the director owned 94,840 shares in the company, valued at approximately $1,840,844.40. This represents a 2.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by company insiders.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.