M&T Bank Corp Makes New $1.30 Million Investment in Aaron's Holdings Company, Inc. $PRG

Key Points

• M&T Bank Corp bought a new stake of 44,143 shares in Aaron's (NYSE:PRG) in Q4, worth about $1.30 million and representing roughly 0.11% ownership.
• Aaron's beat expectations in its latest quarter with EPS of $1.24 vs. $0.78 expected and revenue of $742.7M (+11.1% YoY), and it set Q2 guidance at 1.05 EPS while analysts expect full-year EPS of 4.21.
• Institutional activity is heavy—97.92% of stock is institutionally owned—with large additions such as Millennium Management's 673,405 shares (~$17.9M); the stock's consensus rating is a "Moderate Buy" with an average target of $41.33.

M&T Bank Corp bought a new stake in Aaron's Holdings Company, Inc. (NYSE:PRG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 44,143 shares of the company's stock, valued at approximately $1,302,000. M&T Bank Corp owned approximately 0.11% of Aaron's as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PRG. Royal Bank of Canada grew its holdings in shares of Aaron's by 23.4% in the first quarter. Royal Bank of Canada now owns 35,910 shares of the company's stock valued at $955,000 after acquiring an additional 6,807 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Aaron's by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the company's stock valued at $648,000 after acquiring an additional 1,162 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Aaron's by 62.7% in the first quarter. Millennium Management LLC now owns 673,405 shares of the company's stock valued at $17,913,000 after acquiring an additional 259,630 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Aaron's by 5.4% in the first quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the company's stock valued at $8,342,000 after acquiring an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Aaron's in the first quarter valued at approximately $233,000. 97.92% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PRG shares. Wall Street Zen raised Aaron's from a "hold" rating to a "buy" rating in a report on Saturday, February 21st. TD Cowen upped their target price on Aaron's from $42.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, March 11th. Zacks Research lowered Aaron's from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Aaron's in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $41.33.

Aaron's Price Performance

Shares of NYSE PRG opened at $35.82 on Thursday. The stock has a fifty day simple moving average of $31.25 and a two-hundred day simple moving average of $30.92. Aaron's Holdings Company, Inc. has a 1-year low of $25.58 and a 1-year high of $41.14. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 9.95 and a beta of 1.81. The company has a current ratio of 4.71, a quick ratio of 2.32 and a debt-to-equity ratio of 0.80.

Aaron's (NYSE:PRG - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.46. Aaron's had a return on equity of 20.99% and a net margin of 5.97%.The business had revenue of $742.67 million during the quarter, compared to analyst estimates of $726.96 million. During the same period in the prior year, the company earned $0.90 earnings per share. Aaron's's revenue was up 11.1% compared to the same quarter last year. Aaron's has set its Q2 2026 guidance at 1.050-1.050 EPS. Analysts anticipate that Aaron's Holdings Company, Inc. will post 4.21 earnings per share for the current year.

Aaron's Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Thursday, March 12th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.6%. This is a positive change from Aaron's's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 12th. Aaron's's dividend payout ratio is currently 15.56%.

Aaron's Company Profile

PROG Holdings, Inc NYSE: PRG, formerly known as Aaron's, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron's Business Solutions and Progressive Financial Services. Through Aaron's Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.

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