Quantbot Technologies LP Raises Holdings in Upbound Group, Inc. $UPBD

Key Points

• Quantbot Technologies LP increased its stake in Upbound Group, Inc. by 176.4%, owning 56,344 shares worth approximately $1.35 million after acquiring an additional 35,962 shares in Q1.
• Upbound Group announced a quarterly dividend of $0.39, with a yield of 6.2% and a dividend payout ratio of 87.64%.
• Despite a 7.5% yearly revenue increase, analysts have recently downgraded the stock’s rating and adjusted its price target, with Raymond James setting it at $35.00.

Quantbot Technologies LP lifted its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 176.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,344 shares of the company's stock after purchasing an additional 35,962 shares during the period. Quantbot Technologies LP owned 0.10% of Upbound Group worth $1,350,000 as of its most recent SEC filing.

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

Upbound Group Price Performance

Upbound Group stock traded up $0.54 during mid-day trading on Wednesday, reaching $26.11. The company had a trading volume of 251,714 shares, compared to its average volume of 584,856. Upbound Group, Inc. has a 1 year low of $19.65 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The company has a market capitalization of $1.51 billion, a P/E ratio of 14.67 and a beta of 1.74. The stock's 50-day simple moving average is $24.35 and its 200-day simple moving average is $24.28.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The company had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. During the same period last year, the company posted $1.04 earnings per share. The firm's quarterly 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. On average, equities analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were issued a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a yield of 6.0%. Upbound Group's dividend payout ratio (DPR) is 87.64%.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown bought 1,653 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was bought at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the acquisition, the director owned 89,400 shares in the company, valued at approximately $2,315,460. This represents a 1.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

UPBD has been the topic of a number of research reports. Raymond James Financial restated an "outperform" rating and set a $35.00 price target (down from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Wall Street Zen lowered 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 assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Upbound Group presently 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.