Deutsche Bank AG acquired a new position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 59,325 shares of the company's stock, valued at approximately $1,259,000. Deutsche Bank AG owned about 0.10% of Upbound Group at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Upbound Group in the 2nd quarter valued at $18,862,000. Huber Capital Management LLC lifted its stake in shares of Upbound Group by 80.2% during the fourth quarter. Huber Capital Management LLC now owns 1,739,045 shares of the company's stock valued at $30,538,000 after acquiring an additional 773,775 shares during the period. Wellington Management Group LLP lifted its stake in shares of Upbound Group by 60.3% during the third quarter. Wellington Management Group LLP now owns 1,255,874 shares of the company's stock valued at $29,676,000 after acquiring an additional 472,550 shares during the period. Pacer Advisors Inc. bought a new position in Upbound Group in the first quarter valued at about $7,455,000. Finally, Lido Advisors LLC bought a new position in Upbound Group in the third quarter valued at about $8,681,000. Institutional investors and hedge funds own 90.30% of the company's stock.
Upbound Group Stock Down 0.4%
Shares of Upbound Group stock opened at $19.22 on Friday. The company has a quick ratio of 0.97, a current ratio of 3.22 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 business has a fifty day simple moving average of $20.18 and a 200 day simple moving average of $19.38. The stock has a market cap of $1.12 billion, a PE ratio of 12.48 and a beta of 1.79.
Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating 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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The firm's revenue 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 predict that Upbound Group, Inc. will post 4.15 EPS for the current year.
Upbound Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Tuesday, June 16th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.1%. Upbound Group's dividend payout ratio is 101.30%.
Insider Transactions at Upbound Group
In other news, Director Jeffrey J. Brown purchased 2,295 shares of the business's stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average cost of $20.09 per share, for a total transaction of $46,106.55. Following the transaction, the director directly owned 96,681 shares of the company's stock, valued at approximately $1,942,321.29. The trade was a 2.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Anthony J. Blasquez sold 10,000 shares of Upbound Group stock in a transaction that occurred 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 transaction, the executive vice president directly owned 43,717 shares in the company, valued at $824,065.45. The trade was a 18.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.20% of the company's stock.
Analysts Set New Price Targets
Several brokerages have weighed in on UPBD. BTIG Research cut Upbound Group from a "buy" rating to a "neutral" rating and set a $28.00 price objective for the company. in a report on Friday, July 31st. Wall Street Zen lowered shares of Upbound Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Upbound Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday. TD Cowen lowered their price target on shares of Upbound Group from $29.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, July 31st. Finally, Zacks Research downgraded shares of Upbound Group from a "hold" rating to a "strong sell" rating in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $30.67.
View Our Latest Stock Report on UPBD
Upbound Group Company Profile
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Free Report)
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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