PROG Holdings, Inc. (NYSE:PRG) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) by 719.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,859 shares of the company's stock after purchasing an additional 157,024 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.40% of PROG worth $5,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of PROG by 33.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 145,706 shares of the company's stock worth $4,839,000 after acquiring an additional 36,776 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in PROG by 161.0% in the 3rd quarter. Victory Capital Management Inc. now owns 107,286 shares of the company's stock worth $3,563,000 after buying an additional 66,185 shares during the period. Illinois Municipal Retirement Fund bought a new position in shares of PROG in the third quarter worth $921,000. Nomura Holdings Inc. boosted its stake in PROG by 621.5% in the 3rd quarter. Nomura Holdings Inc. now owns 144,294 shares of the company's stock worth $4,792,000 after purchasing an additional 124,294 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in PROG by 92.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 80,872 shares of the company's stock worth $2,686,000 after acquiring an additional 38,908 shares during the period. Institutional investors and hedge funds own 97.92% of the company's stock.

PROG Stock Down 0.2 %

Shares of NYSE:PRG traded down $0.07 during trading on Monday, hitting $34.37. The stock had a trading volume of 234,138 shares, compared to its average volume of 423,708. The company has a market capitalization of $1.50 billion, a PE ratio of 11.64 and a beta of 2.08. The firm's fifty day moving average is $31.89 and its 200 day moving average is $30.56. PROG Holdings, Inc. has a 12 month low of $22.01 and a 12 month high of $44.81. The company has a quick ratio of 1.49, a current ratio of 3.66 and a debt-to-equity ratio of 1.00.

PROG (NYSE:PRG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The company had revenue of $577.40 million for the quarter, compared to the consensus estimate of $568.35 million. PROG had a return on equity of 28.83% and a net margin of 5.77%. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS. Analysts anticipate that PROG Holdings, Inc. will post 2.83 EPS for the current fiscal year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were issued a $0.12 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. PROG's payout ratio is currently 16.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PRG shares. Stephens upgraded shares of PROG from an "equal weight" rating to an "overweight" rating in a research report on Tuesday, January 2nd. TD Cowen began coverage on shares of PROG in a report on Friday, March 8th. They issued an "outperform" rating and a $37.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.60.

About PROG

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.