Marshall Wace LLP Has $10.24 Million Position in Upbound Group, Inc. (NASDAQ:UPBD)

Marshall Wace LLP grew its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 333.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 350,949 shares of the company's stock after buying an additional 270,064 shares during the period. Marshall Wace LLP owned approximately 0.64% of Upbound Group worth $10,237,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Upbound Group during the fourth quarter worth approximately $25,000. Blue Trust Inc. lifted its position in Upbound Group by 45.0% during the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after acquiring an additional 705 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares during the period. Vestcor Inc acquired a new stake in shares of Upbound Group in the fourth quarter valued at about $174,000. Finally, Virtu Financial LLC bought a new position in shares of Upbound Group in the third quarter worth about $229,000. Institutional investors own 90.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Loop Capital dropped their price target on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Upbound Group currently has an average rating of "Moderate Buy" and an average target price of $37.00.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown acquired 1,694 shares of the firm's stock in a transaction on Tuesday, April 22nd. The shares were purchased at an average price of $19.89 per share, with a total value of $33,693.66. Following the acquisition, the director now directly owns 88,074 shares in the company, valued at $1,751,791.86. The trade was a 1.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Fahmi Karam bought 11,500 shares of the company's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the purchase, the chief financial officer now 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 disclosure for this purchase can be found here. 2.70% of the stock is owned by insiders.

Upbound Group Stock Performance

UPBD traded down $0.17 during trading on Friday, reaching $20.55. 368,636 shares of the company's stock were exchanged, compared to its average volume of 497,204. Upbound Group, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $38.72. The company has a market capitalization of $1.19 billion, a P/E ratio of 9.30 and a beta of 1.90. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The business has a 50 day moving average price of $23.65 and a 200 day moving average price of $28.19.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. As a group, analysts predict that Upbound Group, Inc. will post 4.28 earnings per share for the current fiscal year.

Upbound Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.59%. Upbound Group's dividend payout ratio is presently 70.59%.

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.