Invesco Ltd. Increases Stake in Upbound Group, Inc. $UPBD

Key Points

• Invesco Ltd. increased its stake in Upbound Group, Inc. by 4.4% during Q1, owning approximately $10.88 million worth of shares as of the latest filing.
• Upbound Group reported $1.12 EPS for the last quarter, beating estimates by $0.07, and a revenue of $1.16 billion, marking a year-over-year increase of 7.5%.
• The company announced a quarterly dividend of $0.39 per share, with an annualized yield of 6.2% and a dividend payout ratio of 87.64%.

Invesco Ltd. grew its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 454,124 shares of the company's stock after acquiring an additional 19,305 shares during the quarter. Invesco Ltd. owned about 0.79% of Upbound Group worth $10,881,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of Upbound Group by 5,179.7% during the 1st quarter. GAMMA Investing LLC now owns 12,196 shares of the company's stock valued at $292,000 after acquiring an additional 11,965 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Upbound Group by 209.8% during the 1st quarter. SG Americas Securities LLC now owns 46,796 shares of the company's stock valued at $1,121,000 after acquiring an additional 31,693 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Upbound Group by 40.4% during the 4th quarter. Deutsche Bank AG now owns 47,670 shares of the company's stock valued at $1,391,000 after acquiring an additional 13,713 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Upbound Group by 7.2% during the 1st quarter. Principal Financial Group Inc. now owns 255,244 shares of the company's stock valued at $6,116,000 after acquiring an additional 17,237 shares during the last quarter. Finally, Canaan Partners XI LLC purchased a new stake in shares of Upbound Group during the 1st quarter valued at about $930,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Insider Buying and Selling

In other news, Director Jeffrey J. Brown bought 1,653 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were bought at an average price of $25.90 per share, for a total transaction of $42,812.70. Following the purchase, the director owned 89,400 shares in the company, valued at approximately $2,315,460. The trade was a 1.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UPBD shares. Raymond James Financial reaffirmed an "outperform" rating and set a $35.00 price target (down previously from $40.00) on shares of Upbound Group in a report on Friday, May 2nd. Wall Street Zen raised shares of Upbound Group from a "hold" rating to a "buy" rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $34.50.

Upbound Group Stock Performance

Shares of NASDAQ:UPBD traded down $0.45 during trading on Friday, hitting $25.41. The company's stock had a trading volume of 506,569 shares, compared to its average volume of 742,858. The company has a 50-day moving average of $24.45 and a 200-day moving average of $24.21. Upbound Group, Inc. has a 12 month low of $19.65 and a 12 month high of $36.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 14.28 and a beta of 1.74.

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

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.56 dividend on an annualized basis and a yield of 6.1%. Upbound Group's dividend payout ratio (DPR) is presently 87.64%.

About Upbound Group

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.