Nuveen LLC Invests $10.02 Million in Upbound Group, Inc. $UPBD

Key Points

• Nuveen LLC has acquired 418,330 shares of Upbound Group, Inc., valued at approximately $10 million, representing about 0.72% of the company's stock as per their latest SEC filing.
• Upbound Group recently reported better-than-expected quarterly earnings with $1.12 EPS against an anticipated $1.05, alongside a revenue increase of 7.5% year-over-year.
• Analysts have mixed ratings on Upbound Group with a current consensus target price of $34.50 and a downgrade from a "buy" to a "hold" rating from Wall Street Zen.

Nuveen LLC purchased a new stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 418,330 shares of the company's stock, valued at approximately $10,023,000. Nuveen LLC owned about 0.72% of Upbound Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in Upbound Group by 5,179.7% during the 1st quarter. GAMMA Investing LLC now owns 12,196 shares of the company's stock valued at $292,000 after purchasing an additional 11,965 shares during the last quarter. SG Americas Securities LLC raised its position in Upbound Group by 209.8% during the 1st quarter. SG Americas Securities LLC now owns 46,796 shares of the company's stock valued at $1,121,000 after purchasing an additional 31,693 shares during the last quarter. Deutsche Bank AG raised its position in Upbound Group by 40.4% during the 4th quarter. Deutsche Bank AG now owns 47,670 shares of the company's stock valued at $1,391,000 after purchasing an additional 13,713 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Upbound Group by 7.2% in the 1st quarter. Principal Financial Group Inc. now owns 255,244 shares of the company's stock worth $6,116,000 after acquiring an additional 17,237 shares in the last quarter. Finally, Canaan Partners XI LLC bought a new position in shares of Upbound Group in the 1st quarter worth approximately $930,000. Institutional investors own 90.30% of the company's stock.

Upbound Group Stock Down 0.1%

UPBD traded down $0.02 during trading on Monday, hitting $25.21. 482,982 shares of the company's stock traded hands, compared to its average volume of 853,570. The company's 50 day simple moving average is $24.33 and its two-hundred day simple moving average is $24.28. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29. Upbound Group, Inc. has a 12-month low of $19.65 and a 12-month high of $36.00. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 6.12 and a beta of 1.74.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $1.04 EPS. The company's revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.2%. The ex-dividend date was Tuesday, June 17th. Upbound Group's dividend payout ratio (DPR) is currently 87.64%.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown bought 1,653 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were acquired at an average cost of $25.90 per share, for a total transaction of $42,812.70. Following the purchase, the director owned 89,400 shares in the company, valued at approximately $2,315,460. This trade represents a 1.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company's stock.

Wall Street Analyst Weigh In

UPBD has been the subject of several research reports. Wall Street Zen lowered Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Raymond James Financial reissued an "outperform" rating and issued a $35.00 target price (down previously from $40.00) on shares of Upbound Group in a research report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Upbound Group has an average rating of "Moderate Buy" and an average price target of $34.50.

Upbound Group Company 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.