UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 18,760 Shares of PROG Holdings, Inc. (NYSE:PRG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,881 shares of the company's stock after buying an additional 18,760 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.30% of PROG worth $5,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in PROG by 38.6% during the 4th quarter. Blue Trust Inc. now owns 3,691 shares of the company's stock worth $156,000 after buying an additional 1,027 shares in the last quarter. KBC Group NV lifted its stake in PROG by 53.9% during the fourth quarter. KBC Group NV now owns 2,015 shares of the company's stock worth $85,000 after purchasing an additional 706 shares in the last quarter. Life Planning Partners Inc acquired a new position in PROG during the fourth quarter worth $1,235,000. Principal Financial Group Inc. raised its stake in shares of PROG by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 201,644 shares of the company's stock valued at $8,521,000 after acquiring an additional 2,015 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of PROG by 3.0% in the fourth quarter. New York State Common Retirement Fund now owns 187,300 shares of the company's stock valued at $7,915,000 after acquiring an additional 5,453 shares in the last quarter. 97.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PRG has been the topic of several recent analyst reports. KeyCorp dropped their target price on PROG from $50.00 to $45.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group lowered PROG from a "buy" rating to a "hold" rating and lowered their price target for the stock from $58.00 to $29.00 in a report on Wednesday, February 26th. Finally, Loop Capital reduced their price objective on shares of PROG from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.83.

Insider Activity

In other news, CFO Brian Garner purchased 3,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $28.93 per share, with a total value of $101,255.00. Following the completion of the transaction, the chief financial officer now owns 132,597 shares of the company's stock, valued at $3,836,031.21. The trade was a 2.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven A. Michaels purchased 14,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $29.03 per share, for a total transaction of $406,420.00. Following the completion of the purchase, the chief executive officer now directly owns 559,641 shares of the company's stock, valued at $16,246,378.23. This represents a 2.57% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.21% of the company's stock.

PROG Stock Up 0.3%

PRG stock traded up $0.10 during midday trading on Thursday, reaching $29.04. The company had a trading volume of 265,742 shares, compared to its average volume of 474,569. The company has a market capitalization of $1.17 billion, a P/E ratio of 6.40 and a beta of 1.79. The company has a 50 day moving average of $27.19 and a two-hundred day moving average of $35.05. The company has a current ratio of 5.24, a quick ratio of 2.34 and a debt-to-equity ratio of 0.99. PROG Holdings, Inc. has a 1 year low of $23.50 and a 1 year high of $50.28.

PROG (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.08. The company had revenue of $684.09 million for the quarter, compared to analyst estimates of $678.23 million. PROG had a net margin of 8.01% and a return on equity of 24.25%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. On average, equities research analysts expect that PROG Holdings, Inc. will post 3.45 earnings per share for the current fiscal year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Tuesday, May 20th. PROG's dividend payout ratio is currently 10.66%.

PROG Profile

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.