Man Group plc Has $2.03 Million Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Man Group plc lessened its position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,688 shares of the company's stock after selling 12,044 shares during the period. Man Group plc owned approximately 0.13% of Upbound Group worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kennedy Capital Management LLC bought a new position in Upbound Group in the 4th quarter valued at approximately $10,214,000. Marshall Wace LLP lifted its stake in Upbound Group by 333.9% in the 4th quarter. Marshall Wace LLP now owns 350,949 shares of the company's stock valued at $10,237,000 after purchasing an additional 270,064 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Upbound Group by 171.9% in the 4th quarter. Victory Capital Management Inc. now owns 267,618 shares of the company's stock valued at $7,806,000 after purchasing an additional 169,197 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in Upbound Group in the 4th quarter valued at approximately $4,883,000. Finally, Wellington Management Group LLP lifted its stake in Upbound Group by 37.9% in 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 during the last quarter. Institutional investors own 90.30% of the company's stock.

Insider Activity

In other news, CFO Fahmi Karam acquired 11,500 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, the chief financial officer now directly owns 164,672 shares in the company, valued at $4,251,831.04. This represents a 7.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey J. Brown acquired 21,730 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were purchased at an average price of $23.75 per share, with a total value of $516,087.50. Following the completion of the transaction, the director now owns 21,730 shares of the company's stock, valued at $516,087.50. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 34,924 shares of company stock valued at $846,711. Insiders own 2.70% of the company's stock.

Upbound Group Trading Down 0.3%

Shares of UPBD stock traded down $0.07 during trading hours on Thursday, hitting $22.90. 56,250 shares of the company's stock traded hands, compared to its average volume of 510,121. The stock's 50 day simple moving average is $22.75 and its 200 day simple moving average is $27.28. The stock has a market cap of $1.32 billion, a PE ratio of 10.35 and a beta of 1.77. Upbound Group, Inc. has a 12 month low of $19.69 and a 12 month high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08.

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

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.81%. The ex-dividend date of this dividend was Wednesday, April 2nd. Upbound Group's payout ratio is currently 73.24%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Loop Capital dropped their price objective on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a research note on Friday, February 21st. Raymond James reissued an "outperform" rating and issued a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Two research 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's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.60.

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.