Raymond James Financial Inc. Has $3.68 Million Stake in Upbound Group, Inc. $UPBD

Key Points

• Raymond James Financial Inc. increased its stake in Upbound Group, Inc. by 14.3%, owning a total of 153,638 shares valued at $3.68 million as of the end of the first quarter.
• Analysts have raised Upbound Group's rating from "hold" to "buy," with a consensus average price target of $34.50 per share.
• Insider activity showed Director Jeffrey J. Brown purchased 1,653 shares at an average price of $25.90, increasing his position to 89,400 shares valued at $2.32 million.

Raymond James Financial Inc. boosted its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 14.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 153,638 shares of the company's stock after acquiring an additional 19,179 shares during the quarter. Raymond James Financial Inc. owned 0.27% of Upbound Group worth $3,681,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its stake in Upbound Group by 59.9% in the first quarter. TD Private Client Wealth LLC now owns 1,311 shares of the company's stock valued at $31,000 after acquiring an additional 491 shares during the last quarter. CWM LLC grew its stake in shares of Upbound Group by 35.5% during the first quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after buying an additional 493 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Upbound Group by 2.6% during the first quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $577,000 after buying an additional 600 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Upbound Group by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 28,301 shares of the company's stock worth $678,000 after buying an additional 692 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Upbound Group by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,515 shares of the company's stock worth $890,000 after buying an additional 1,122 shares during the last quarter. 90.30% of the stock is owned by institutional investors.

Upbound Group Trading Up 1.4%

Shares of Upbound Group stock traded up $0.35 during trading on Thursday, hitting $25.52. The company's stock had a trading volume of 745,411 shares, compared to its average volume of 574,860. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. Upbound Group, Inc. has a 52 week low of $19.65 and a 52 week high of $36.00. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 14.34 and a beta of 1.77. The stock has a 50-day moving average price of $24.44 and a two-hundred day moving average price of $24.03.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. Upbound Group's revenue for the quarter was up 7.5% on a year-over-year basis. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. Equities research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,653 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 8th. The shares were bought at an average price of $25.90 per share, with a total value of $42,812.70. Following the completion of the purchase, the director directly owned 89,400 shares in the company, valued at $2,315,460. This trade represents a 1.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.