Banco Bilbao Vizcaya Argentaria S.A. Grows Stake in Upbound Group, Inc. $UPBD

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Upbound Group by 80.6%, holding 44,638 shares valued at approximately $1.06 million as of the latest reporting period.
• Upbound Group reported $1.12 EPS for the quarter, exceeding analysts' expectations, and anticipates a full-year guidance of 4.050-4.40 EPS for FY 2025.
• Recently, Upbound Group declared a dividend of $0.39 per share, representing a 6.2% yield, with a payout ratio of 87.64%.

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 80.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,638 shares of the company's stock after purchasing an additional 19,917 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.08% of Upbound Group worth $1,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Nuveen LLC purchased a new position in shares of Upbound Group during the first quarter valued at approximately $10,023,000. Vanguard Group Inc. raised its holdings in Upbound Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company's stock worth $168,339,000 after purchasing an additional 244,746 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Upbound Group in the 4th quarter worth about $5,201,000. Wellington Management Group LLP boosted its stake in shares of Upbound Group by 37.9% during the 4th quarter. Wellington Management Group LLP now owns 559,120 shares of the company's stock valued at $16,310,000 after purchasing an additional 153,551 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Upbound Group during the fourth quarter valued at about $3,922,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown bought 1,653 shares of the stock in a transaction on Tuesday, July 8th. The shares were acquired at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the purchase, the director owned 89,400 shares of the company's stock, valued at approximately $2,315,460. The trade was a 1.88% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company's stock.

Upbound Group Stock Up 2.2%

Shares of NASDAQ UPBD traded up $0.56 during midday trading on Wednesday, hitting $26.13. The stock had a trading volume of 292,390 shares, compared to its average volume of 585,059. The business's 50 day moving average is $24.35 and its 200-day moving average is $24.28. Upbound Group, Inc. has a 52 week low of $19.65 and a 52 week high of $36.00. The company has a quick ratio of 0.83, a current ratio of 3.11 and a debt-to-equity ratio of 2.29. The company has a market cap of $1.51 billion, a P/E ratio of 14.68 and a beta of 1.74.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.07. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.0%. The ex-dividend date was Tuesday, June 17th. Upbound Group's dividend payout ratio (DPR) is presently 87.64%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial restated an "outperform" rating and issued a $35.00 price objective (down from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Wall Street Zen cut Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Upbound Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.50.

About Upbound Group

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.