PROG Holdings, Inc. (NYSE:PRG) Shares Sold by Barclays PLC

Barclays PLC lessened its holdings in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316,837 shares of the company's stock after selling 30,318 shares during the period. Barclays PLC owned about 0.76% of PROG worth $13,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PRG. Summit Securities Group LLC purchased a new position in shares of PROG during the fourth quarter valued at approximately $38,000. Sterling Capital Management LLC boosted its holdings in PROG by 765.6% in the fourth quarter. Sterling Capital Management LLC now owns 1,082 shares of the company's stock valued at $46,000 after acquiring an additional 957 shares in the last quarter. Smartleaf Asset Management LLC increased its position in PROG by 141.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,208 shares of the company's stock valued at $51,000 after purchasing an additional 707 shares during the period. CIBC Private Wealth Group LLC raised its holdings in PROG by 248.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,370 shares of the company's stock worth $57,000 after purchasing an additional 977 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of PROG in the 4th quarter worth about $68,000. Institutional investors own 97.92% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PRG. Stephens reissued an "overweight" rating and issued a $60.00 price target on shares of PROG in a research note on Thursday, January 2nd. Jefferies Financial Group cut PROG from a "buy" rating to a "hold" rating and lowered their target price for the company from $58.00 to $29.00 in a research note on Wednesday, February 26th. KeyCorp reduced their price target on PROG from $50.00 to $45.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Loop Capital lowered their price objective on PROG from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PROG currently has a consensus rating of "Moderate Buy" and an average target price of $44.83.

Insider Activity at PROG

In other PROG news, Director Caroline Sio-Chin Sheu acquired 1,650 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $28.01 per share, with a total value of $46,216.50. Following the completion of the purchase, the director now directly owns 18,291 shares in the company, valued at $512,330.91. The trade was a 9.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas C. Curling purchased 10,000 shares of the business's stock in a transaction dated Friday, February 21st. The stock was bought at an average price of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the acquisition, the director now directly owns 45,913 shares in the company, valued at approximately $1,371,880.44. This trade represents a 27.85 % increase in their position. The disclosure for this purchase can be found here. 3.21% of the stock is owned by insiders.

PROG Stock Performance

PRG traded up $0.20 during midday trading on Friday, hitting $25.16. 106,134 shares of the company traded hands, compared to its average volume of 542,383. The company has a quick ratio of 2.34, a current ratio of 5.24 and a debt-to-equity ratio of 0.99. PROG Holdings, Inc. has a 52 week low of $23.50 and a 52 week high of $50.28. The firm has a market capitalization of $1.03 billion, a PE ratio of 5.54 and a beta of 1.96. The company's 50-day moving average is $27.20 and its 200 day moving average is $38.72.

PROG (NYSE:PRG - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08. PROG had a return on equity of 24.25% and a net margin of 8.01%. The business had revenue of $684.09 million during the quarter, compared to analyst estimates of $678.23 million. On average, research analysts expect that PROG Holdings, Inc. will post 3.45 EPS for the current year.

PROG Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 13th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $0.52 annualized dividend and a yield of 2.07%. This is a positive change from PROG's previous quarterly dividend of $0.12. PROG's dividend payout ratio (DPR) is 11.45%.

PROG Profile

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.