Jane Street Group LLC Has $653,000 Stock Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Jane Street Group LLC decreased its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 72.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,377 shares of the company's stock after selling 57,746 shares during the quarter. Jane Street Group LLC's holdings in Upbound Group were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Upbound Group during the 4th quarter worth about $25,000. Blue Trust Inc. raised its stake in shares of Upbound Group by 45.0% in the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after acquiring an additional 705 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares in the last quarter. Vestcor Inc acquired a new stake in Upbound Group in the 4th quarter valued at approximately $174,000. Finally, Freestone Grove Partners LP acquired a new stake in Upbound Group in the 4th quarter valued at approximately $221,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,694 shares of Upbound Group stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of $19.89 per share, with a total value of $33,693.66. Following the completion of the transaction, the director now directly owns 88,074 shares of the company's stock, valued at approximately $1,751,791.86. This represents a 1.96% 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, CFO Fahmi Karam acquired 11,500 shares of Upbound Group stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the transaction, the chief financial officer now directly owns 164,672 shares of the company's stock, valued at $4,251,831.04. This trade represents a 7.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 34,924 shares of company stock valued at $846,711 over the last three months. Company insiders own 2.70% of the company's stock.

Upbound Group Trading Up 0.6%

Shares of UPBD stock traded up $0.13 on Friday, reaching $23.05. 225,550 shares of the stock were exchanged, compared to its average volume of 529,827. The stock has a 50 day moving average price of $22.70 and a 200 day moving average price of $27.21. The stock has a market cap of $1.33 billion, a PE ratio of 10.43 and a beta of 1.77. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a one year low of $19.68 and a one year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm's revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities research analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 6.77%. Upbound Group's dividend payout ratio is currently 73.24%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James restated an "outperform" rating and set a $35.00 price objective (down from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Loop Capital decreased their price target on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $36.60.

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.