UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Position in Upbound Group, Inc. (NASDAQ:UPBD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,151 shares of the company's stock after acquiring an additional 21,568 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Upbound Group worth $4,088,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd bought a new position in Upbound Group in the fourth quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after buying an additional 705 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock worth $110,000 after buying an additional 429 shares during the period. Vestcor Inc bought a new position in shares of Upbound Group in the fourth quarter worth about $174,000. Finally, Freestone Grove Partners LP bought a new position in shares of Upbound Group in the fourth quarter worth about $221,000. Institutional investors own 90.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Raymond James reaffirmed an "outperform" rating and issued a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a research note on Friday, May 2nd. Loop Capital decreased their price objective on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $36.60.

Upbound Group Price Performance

Shares of NASDAQ:UPBD traded up $0.94 during trading on Friday, hitting $25.42. 492,704 shares of the company's stock were exchanged, compared to its average volume of 517,709. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. Upbound Group, Inc. has a 52-week low of $19.69 and a 52-week high of $38.72. The business's 50-day simple moving average is $22.68 and its 200 day simple moving average is $26.82. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 11.50 and a beta of 1.73.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.06. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. The firm had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.13 billion. During the same quarter last year, the business posted $0.79 earnings per share. The firm's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Tuesday, June 17th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Tuesday, June 17th. Upbound Group's dividend payout ratio is currently 73.24%.

Insider Buying and Selling

In other Upbound Group news, CFO Fahmi Karam bought 11,500 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. This trade represents a 7.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey J. Brown purchased 21,730 shares of the business's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average price of $23.75 per share, with a total value of $516,087.50. Following the acquisition, the director now directly owns 21,730 shares in the company, valued at $516,087.50. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 34,924 shares of company stock worth $846,711. 2.70% of the stock is owned by corporate insiders.

Upbound Group 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.