Upbound Group, Inc. (NASDAQ:UPBD) Stock Holdings Decreased by KBC Group NV

KBC Group NV trimmed its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 87.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,454 shares of the company's stock after selling 17,227 shares during the quarter. KBC Group NV's holdings in Upbound Group were worth $59,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its position 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 worth $110,000 after buying an additional 429 shares during the last quarter. Palouse Capital Management Inc. lifted its position in shares of Upbound Group by 64.3% in the 1st quarter. Palouse Capital Management Inc. now owns 6,623 shares of the company's stock worth $159,000 after buying an additional 2,592 shares during the last quarter. Vestcor Inc bought a new position in shares of Upbound Group in the 4th quarter worth about $174,000. Freestone Grove Partners LP bought a new position in shares of Upbound Group in the 4th quarter worth about $221,000. Finally, Crestline Management LP bought a new position in shares of Upbound Group in the 4th quarter worth about $230,000. 90.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Raymond James Financial restated an "outperform" rating and issued a $35.00 price target (down from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.50.

Upbound Group Stock Performance

NASDAQ:UPBD traded up $0.52 during mid-day trading on Thursday, hitting $26.86. The stock had a trading volume of 68,717 shares, compared to its average volume of 534,632. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 12.63 and a beta of 1.74. The company has a 50 day simple moving average of $24.68 and a 200-day simple moving average of $25.62. Upbound Group, Inc. has a 52 week low of $19.69 and a 52 week high of $38.72. The company has a current ratio of 3.12, a quick ratio of 0.80 and a debt-to-equity ratio of 2.26.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.06. Upbound Group had a net margin of 2.74% and a return on equity of 36.30%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the firm posted $0.79 EPS. Upbound Group's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were given a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.81%. Upbound Group's dividend payout ratio (DPR) is 73.24%.

Insider Activity at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,653 shares of the stock in a transaction dated Tuesday, July 8th. The shares were bought at an average price of $25.90 per share, with a total value of $42,812.70. Following the purchase, the director directly owned 89,400 shares of the company's stock, valued at approximately $2,315,460. This trade represents a 1.88% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have bought 25,077 shares of company stock worth $592,594. 2.60% of the stock is currently owned by insiders.

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.