Charles Schwab Investment Management Inc. Purchases 77,450 Shares of Upbound Group, Inc. $UPBD

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Upbound Group, Inc. by 8.0%, holding approximately 1.82% of the company, valued at $25.2 million.
• A majority of Upbound Group's stock, around 90.30%, is currently owned by institutional investors and hedge funds, reflecting significant institutional interest in the company.
• Upbound Group announced a quarterly dividend of $0.39, resulting in a 6.5% annual yield, with a payout ratio of 87.64%.

Charles Schwab Investment Management Inc. increased its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 8.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,051,636 shares of the company's stock after purchasing an additional 77,450 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.82% of Upbound Group worth $25,197,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its position 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 purchasing an additional 491 shares during the period. CWM LLC increased its position in Upbound Group by 35.5% during the 1st quarter. CWM LLC now owns 1,880 shares of the company's stock worth $45,000 after purchasing an additional 493 shares during the period. Louisiana State Employees Retirement System grew its holdings in shares of Upbound Group by 2.6% in the 1st quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the company's stock worth $577,000 after acquiring an additional 600 shares during the period. State of Alaska Department of Revenue lifted its stake in Upbound Group by 2.5% in the 1st quarter. State of Alaska Department of Revenue now owns 28,301 shares of the company's stock valued at $678,000 after buying an additional 692 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 purchasing an additional 1,122 shares during the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UPBD. Wall Street Zen lowered Upbound Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Raymond James Financial reissued an "outperform" rating and set a $35.00 target price (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Upbound Group currently has an average rating of "Moderate Buy" and an average target price of $34.50.

Upbound Group Price Performance

Shares of NASDAQ UPBD traded up $0.1090 during mid-day trading on Tuesday, hitting $25.3190. 29,256 shares of the stock were exchanged, compared to its average volume of 583,057. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11. The company has a market cap of $1.47 billion, a P/E ratio of 14.22 and a beta of 1.74. The stock's fifty day simple moving average is $24.33 and its two-hundred day simple moving average is $24.28. Upbound Group, Inc. has a twelve month low of $19.65 and a twelve month high of $36.00.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.07. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.14 billion. Upbound Group had a net margin of 2.28% and a return on equity of 36.26%. The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Tuesday, June 17th. Upbound Group's dividend payout ratio is 87.64%.

Insider Buying and Selling at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,653 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was purchased at an average cost of $25.90 per share, for a total transaction of $42,812.70. Following the transaction, the director owned 89,400 shares in the company, valued at $2,315,460. The trade was a 1.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.60% 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.