Deutsche Bank AG Grows Position in Upbound Group, Inc. (NASDAQ:UPBD)

Deutsche Bank AG boosted its position in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,670 shares of the company's stock after purchasing an additional 13,713 shares during the period. Deutsche Bank AG owned about 0.09% of Upbound Group worth $1,391,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kennedy Capital Management LLC purchased a new position in shares of Upbound Group during the 4th quarter valued at about $10,214,000. Marshall Wace LLP increased its stake in Upbound Group by 333.9% in the 4th quarter. Marshall Wace LLP now owns 350,949 shares of the company's stock worth $10,237,000 after acquiring an additional 270,064 shares during the last quarter. Victory Capital Management Inc. increased its stake in Upbound Group by 171.9% in the 4th quarter. Victory Capital Management Inc. now owns 267,618 shares of the company's stock worth $7,806,000 after acquiring an additional 169,197 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in shares of Upbound Group during the 4th quarter valued at approximately $4,883,000. Finally, Wellington Management Group LLP increased its position in shares of Upbound Group by 37.9% during the 4th quarter. Wellington Management Group LLP now owns 559,120 shares of the company's stock valued at $16,310,000 after purchasing an additional 153,551 shares during the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Upbound Group Stock Down 0.4%

Upbound Group stock traded down $0.09 during trading hours on Thursday, reaching $22.88. The stock had a trading volume of 56,250 shares, compared to its average volume of 510,111. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 10.35 and a beta of 1.77. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The business's 50 day moving average price is $22.75 and its 200-day moving average price is $27.28. Upbound Group, Inc. has a 52 week low of $19.69 and a 52 week high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.06. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.82%. Upbound Group's dividend payout ratio is currently 73.24%.

Insider Activity at Upbound Group

In other news, CFO Fahmi Karam bought 11,500 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 164,672 shares in the company, valued at approximately $4,251,831.04. This represents a 7.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jeffrey J. Brown bought 21,730 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $23.75 per share, for a total transaction of $516,087.50. Following the transaction, the director now owns 21,730 shares of the company's stock, valued at $516,087.50. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 34,924 shares of company stock worth $846,711 over the last quarter. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UPBD shares. Raymond James restated an "outperform" rating and set a $35.00 price objective (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Loop Capital lowered their target price on Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $36.60.

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.