9,152,511 Shares in Upbound Group, Inc. $UPBD Purchased by BlackRock Inc.

Key Points

• BlackRock acquired 9.15 million Upbound Group shares in the second quarter, valued at approximately $194.2 million and representing a 15.7% stake. Institutional investors collectively own 90.3% of the company.
• Upbound Group reported quarterly EPS of $1.07, slightly exceeding analyst expectations, while revenue reached $1.16 billion and increased 0.5% year over year. Management guided to fiscal 2026 EPS of $4.00–$4.35.
• The stock traded at $19.29, down 0.8%, and pays a quarterly dividend of $0.39, implying an 8.1% annualized yield. Analysts’ consensus rating is Hold, with an average price target of $30.67.

BlackRock Inc. acquired a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,152,511 shares of the company's stock, valued at approximately $194,216,000. BlackRock Inc. owned approximately 15.70% of Upbound Group as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UPBD. AQR Capital Management LLC raised its position in shares of Upbound Group by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 48,276 shares of the company's stock worth $1,157,000 after purchasing an additional 6,623 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Upbound Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,891 shares of the company's stock worth $764,000 after buying an additional 1,376 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Upbound Group by 73.0% in the first quarter. Goldman Sachs Group Inc. now owns 532,809 shares of the company's stock worth $12,766,000 after buying an additional 224,811 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Upbound Group by 286.3% in the first quarter. Jane Street Group LLC now owns 86,450 shares of the company's stock worth $2,071,000 after buying an additional 64,073 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Upbound Group in the second quarter worth approximately $440,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Upbound Group Trading Down 0.8%

NASDAQ:UPBD opened at $19.29 on Friday. The company has a current ratio of 3.22, a quick ratio of 0.97 and a debt-to-equity ratio of 1.94. Upbound Group, Inc. has a 12 month low of $15.82 and a 12 month high of $28.02. The company has a market cap of $1.12 billion, a PE ratio of 12.53 and a beta of 1.79. The company has a 50 day simple moving average of $20.16 and a two-hundred day simple moving average of $19.38.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.02. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $1.12 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. Research analysts forecast that Upbound Group, Inc. will post 4.15 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.1%. The ex-dividend date was Tuesday, June 16th. Upbound Group's dividend payout ratio is 101.30%.

Wall Street Analyst Weigh In

UPBD has been the subject of several analyst reports. Weiss Ratings raised shares of Upbound Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday. TD Cowen lowered their price objective on Upbound Group from $29.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Zacks Research downgraded Upbound Group from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Wall Street Zen lowered Upbound Group from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, BTIG Research cut Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price target for the company. in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.67.

Insider Buying and Selling

In other news, EVP Anthony J. Blasquez sold 10,000 shares of Upbound Group stock in a transaction on Friday, August 21st. The shares were sold at an average price of $18.85, for a total transaction of $188,500.00. Following the transaction, the executive vice president owned 43,717 shares in the company, valued at $824,065.45. This trade represents a 18.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey J. Brown acquired 2,295 shares of the business's stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $20.09 per share, with a total value of $46,106.55. Following the transaction, the director owned 96,681 shares in the company, valued at approximately $1,942,321.29. This trade represents a 2.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.20% of the company's stock.

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.

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