Voya Investment Management LLC Buys 15,516 Shares of Upbound Group, Inc. $UPBD

Key Points

• Voya Investment Management LLC increased its stake in Upbound Group, acquiring an additional 15,516 shares, bringing its total holdings to 36,431 shares valued at approximately $873,000.
• Upbound Group reported $1.12 earnings per share (EPS) for the last quarter, exceeding estimates of $1.05, and posted revenues of $1.16 billion, reflecting a 7.5% year-over-year increase.
• The company declared a quarterly dividend of $0.39 per share, resulting in an annualized dividend yield of 6.3%, with the payment scheduled for October 21st.

Voya Investment Management LLC increased its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 74.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,431 shares of the company's stock after buying an additional 15,516 shares during the quarter. Voya Investment Management LLC owned approximately 0.06% of Upbound Group worth $873,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UPBD. Inspire Investing LLC boosted its stake in Upbound Group by 3.9% in the 1st quarter. Inspire Investing LLC now owns 14,338 shares of the company's stock valued at $344,000 after purchasing an additional 540 shares during the period. Rhumbline Advisers raised its holdings in Upbound Group by 3.2% in the 1st quarter. Rhumbline Advisers now owns 148,921 shares of the company's stock valued at $3,568,000 after acquiring an additional 4,621 shares in the last quarter. Strs Ohio acquired a new position in Upbound Group in the 1st quarter valued at $625,000. WBI Investments LLC acquired a new position in Upbound Group in the 1st quarter valued at $215,000. Finally, Intech Investment Management LLC raised its holdings in Upbound Group by 4.2% in the 1st quarter. Intech Investment Management LLC now owns 222,245 shares of the company's stock valued at $5,325,000 after acquiring an additional 9,047 shares in the last quarter. 90.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,653 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average cost of $25.90 per share, with a total value of $42,812.70. Following the completion of the transaction, the director owned 89,400 shares of the company's stock, valued at $2,315,460. The trade was a 1.88% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ralph T. Montrone sold 6,000 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the sale, the executive vice president directly owned 49,123 shares of the company's stock, valued at $1,239,373.29. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% of the company's stock.

Upbound Group Stock Down 1.1%

Shares of Upbound Group stock opened at $24.88 on Thursday. The stock's 50-day moving average is $24.47 and its 200 day moving average is $24.06. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 13.98 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a current ratio of 3.11 and a quick ratio of 0.83. Upbound Group, Inc. has a one year low of $19.65 and a one year high of $36.00.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.07. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The company's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, September 30th. Upbound Group's dividend payout ratio (DPR) is currently 87.64%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UPBD. Wall Street Zen raised Upbound Group from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Loop Capital raised Upbound Group from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Monday, September 15th. Finally, BTIG Research reissued a "buy" rating and set a $40.00 price target on shares of Upbound Group in a report on Tuesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $36.80.

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.

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