Bank of New York Mellon Corp Takes Position in Upbound Group, Inc. $UPBD

Key Points

• Bank of New York Mellon acquired 888,866 Upbound Group shares worth approximately $18.9 million, giving it a 1.52% stake. Institutional investors collectively own 90.30% of the company.
• Analyst sentiment weakened, with several firms downgrading the stock; Upbound now has a consensus “Hold” rating and an average price target of $30.67.
• Upbound’s shares opened at $18.30, down 4.8%, despite quarterly EPS of $1.07 beating estimates. Revenue rose 0.5% year over year to $1.16 billion, while management guided to fiscal 2026 EPS of $4.00–$4.35.

Bank of New York Mellon Corp acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 888,866 shares of the company's stock, valued at approximately $18,862,000. Bank of New York Mellon Corp owned approximately 1.52% of Upbound Group at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Upbound Group by 3.4% in the fourth 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. State Street Corp boosted its stake in shares of Upbound Group by 11.4% in the 4th quarter. State Street Corp now owns 2,410,524 shares of the company's stock valued at $43,220,000 after purchasing an additional 246,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Upbound Group by 15.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,770 shares of the company's stock valued at $43,227,000 after purchasing an additional 327,203 shares in the last quarter. Huber Capital Management LLC grew its holdings in shares of Upbound Group by 80.2% in the 4th quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company's stock worth $30,538,000 after purchasing an additional 773,775 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Upbound Group by 4.8% in the 4th quarter. Wellington Management Group LLP now owns 1,315,672 shares of the company's stock worth $23,103,000 after purchasing an additional 59,798 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Jeffrey J. Brown purchased 2,295 shares of Upbound Group stock in a transaction dated Tuesday, July 7th. The stock was bought at an average price of $20.09 per share, for a total transaction of $46,106.55. Following the completion of the acquisition, the director directly owned 96,681 shares of the company's stock, valued at $1,942,321.29. This represents a 2.43% 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, EVP Anthony J. Blasquez sold 10,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.85, for a total transaction of $188,500.00. Following the sale, the executive vice president directly owned 43,717 shares of the company's stock, valued at $824,065.45. This represents a 18.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research cut Upbound Group from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Wall Street Zen lowered Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. BTIG Research cut Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 target price on the stock. in a report on Friday, July 31st. Weiss Ratings upgraded Upbound Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 25th. Finally, TD Cowen cut their price target on Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $30.67.

Upbound Group Stock Down 4.8%

Shares of Upbound Group stock opened at $18.30 on Tuesday. The company has a market capitalization of $1.07 billion, a P/E ratio of 11.88 and a beta of 1.79. The company has a debt-to-equity ratio of 1.94, a current ratio of 3.22 and a quick ratio of 0.97. The business has a 50-day moving average of $20.18 and a two-hundred day moving average of $19.36. Upbound Group, Inc. has a 1 year low of $15.82 and a 1 year high of $28.02.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. Upbound Group had a return on equity of 34.53% and a net margin of 1.90%.The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $1.12 EPS. Upbound Group's quarterly revenue was up .5% compared to the same quarter last year. 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. As a group, equities analysts predict that Upbound Group, Inc. will post 4.15 EPS for the current year.

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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