Wellington Management Group LLP Has $16.31 Million Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Wellington Management Group LLP boosted its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,120 shares of the company's stock after buying an additional 153,551 shares during the quarter. Wellington Management Group LLP owned approximately 0.97% of Upbound Group worth $16,310,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Upbound Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company's stock valued at $197,804,000 after acquiring an additional 113,212 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Upbound Group by 4.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,328,229 shares of the company's stock valued at $67,913,000 after acquiring an additional 92,766 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Upbound Group by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company's stock worth $28,417,000 after purchasing an additional 60,139 shares during the period. Huber Capital Management LLC increased its stake in shares of Upbound Group by 2.2% in the 4th quarter. Huber Capital Management LLC now owns 856,147 shares of the company's stock valued at $24,974,000 after acquiring an additional 18,343 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in Upbound Group by 15.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 799,757 shares of the company's stock valued at $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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on UPBD shares. Raymond James reaffirmed an "outperform" rating and set a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a research 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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $36.60.

Upbound Group Stock Up 4.2%

Shares of NASDAQ UPBD traded up $0.99 during midday trading on Tuesday, reaching $24.29. The company's stock had a trading volume of 584,936 shares, compared to its average volume of 514,577. Upbound Group, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $38.72. The stock has a 50 day simple moving average of $22.64 and a 200-day simple moving average of $27.00. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.99 and a beta of 1.77. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.06. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.13 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 EPS. Equities research analysts predict that Upbound Group, Inc. will post 4.28 earnings per share 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 issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.42%. Upbound Group's payout ratio is 73.24%.

Insider Transactions at Upbound Group

In related news, CFO Fahmi Karam acquired 11,500 shares of the business's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost 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 of the company's stock, valued at approximately $4,251,831.04. The trade was a 7.51% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey J. Brown bought 1,694 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was purchased at an average cost of $19.89 per share, for a total transaction of $33,693.66. Following the transaction, the director now directly owns 88,074 shares of the company's stock, valued at $1,751,791.86. The trade was a 1.96% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 34,924 shares of company stock worth $846,711 in the last ninety days. Insiders own 2.70% of the company's stock.

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.