Intech Investment Management LLC Lowers Position in PROG Holdings, Inc $PRG

Intech Investment Management LLC cut its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 151,226 shares of the fintech holding company’s stock after selling 23,139 shares during the quarter. Intech Investment Management LLC’s holdings in PROG were worth $4,460,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PRG. Royal Bank of Canada grew its holdings in shares of PROG by 23.4% during the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock worth $955,000 after purchasing an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in PROG by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock worth $648,000 after acquiring an additional 1,162 shares in the last quarter. Millennium Management LLC lifted its stake in PROG by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after acquiring an additional 259,630 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in PROG by 5.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock worth $8,342,000 after acquiring an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in PROG during the 1st quarter worth about $233,000. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

PROG Price Performance

PRG stock opened at $36.87 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41. The firm has a market capitalization of $1.48 billion, a P/E ratio of 10.07 and a beta of 1.82. The business’s 50-day moving average is $31.85 and its two-hundred day moving average is $31.58. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $41.14.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.46. The company had revenue of $742.67 million for the quarter, compared to analyst estimates of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.PROG’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Analysts anticipate that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. PROG’s dividend payout ratio (DPR) is currently 15.30%.

Wall Street Analyst Weigh In

PRG has been the topic of several research reports. B. Riley Financial reissued a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Weiss Ratings lowered PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Raymond James Financial reissued an “outperform” rating and set a $45.00 target price on shares of PROG in a research note on Thursday, April 30th. Stephens increased their target price on PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen raised PROG from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, PROG currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

PROG Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.