PROG Holdings, Inc $PRG Position Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its stake in shares of PROG Holdings, Inc (NYSE:PRG - Free Report) by 32.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,625 shares of the fintech holding company's stock after selling 51,300 shares during the quarter. Gamco Investors INC. ET AL owned about 0.27% of PROG worth $3,088,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PRG. Royal Bank of Canada boosted its holdings in shares of PROG by 23.4% during the first quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company's stock valued at $955,000 after acquiring an additional 6,807 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of PROG by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company's stock worth $648,000 after acquiring an additional 1,162 shares during the period. Millennium Management LLC increased its holdings in shares of PROG by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company's stock worth $17,913,000 after acquiring an additional 259,630 shares during the period. Goldman Sachs Group Inc. lifted its position in PROG by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company's stock valued at $8,342,000 after purchasing an additional 16,126 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in PROG in the 1st quarter valued at about $233,000. 97.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PRG has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of PROG from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, June 24th. Wall Street Zen cut PROG from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 14th. Stephens boosted their price objective on PROG from $40.00 to $47.50 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Raymond James Financial reissued an "outperform" rating and issued a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. Finally, Zacks Research cut PROG from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, PROG has an average rating of "Moderate Buy" and an average target price of $47.36.

PROG Stock Performance

PRG stock opened at $43.23 on Tuesday. The company has a 50-day simple moving average of $40.36 and a 200 day simple moving average of $35.12. The company has a market capitalization of $1.73 billion, a P/E ratio of 11.81 and a beta of 1.78. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. PROG Holdings, Inc has a fifty-two week low of $25.80 and a fifty-two week high of $47.73.

PROG (NYSE:PRG - Get Free Report) last released its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The firm had revenue of $742.67 million for the quarter, compared to analysts' expectations of $732.70 million. During the same quarter last year, the company earned $0.90 EPS. PROG's quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Sell-side analysts predict that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were issued a $0.14 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. PROG's dividend payout ratio (DPR) is 15.30%.

PROG Company Profile

PROG Holdings, Inc, 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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