Public Sector Pension Investment Board Acquires 40,668 Shares of Upbound Group, Inc. $UPBD

Public Sector Pension Investment Board grew its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 33.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 162,007 shares of the company's stock after acquiring an additional 40,668 shares during the period. Public Sector Pension Investment Board owned about 0.28% of Upbound Group worth $3,882,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UPBD. Vanguard Group Inc. boosted its position in shares of Upbound Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company's stock worth $168,339,000 after buying an additional 244,746 shares during the period. Dimensional Fund Advisors LP lifted its stake in Upbound Group by 4.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock worth $67,913,000 after acquiring an additional 92,766 shares in the last quarter. LSV Asset Management boosted its position in Upbound Group by 7.3% during the 1st quarter. LSV Asset Management now owns 1,689,151 shares of the company's stock worth $40,472,000 after acquiring an additional 114,328 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Upbound Group by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,051,636 shares of the company's stock worth $25,197,000 after acquiring an additional 77,450 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its stake in Upbound Group by 15.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 799,757 shares of the company's stock valued at $23,329,000 after acquiring an additional 105,380 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UPBD has been the subject of a number of research analyst reports. Raymond James Financial reissued 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. Wall Street Zen downgraded shares of Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Upbound Group has an average rating of "Moderate Buy" and a consensus target price of $34.50.

Upbound Group Stock Up 5.9%

NASDAQ UPBD traded up $1.4050 during trading on Friday, reaching $25.2450. The company's stock had a trading volume of 269,723 shares, compared to its average volume of 583,057. The company has a current ratio of 3.11, a quick ratio of 0.83 and a debt-to-equity ratio of 2.29. The stock has a market capitalization of $1.46 billion, a PE ratio of 14.18 and a beta of 1.74. Upbound Group, Inc. has a 1-year low of $19.65 and a 1-year high of $36.00. The business has a 50-day moving average price of $24.32 and a 200-day moving average price of $24.41.

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

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were issued 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 6.2%. Upbound Group's dividend payout ratio (DPR) is currently 87.64%.

Insider Buying and Selling at Upbound Group

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

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.