Upbound Group, Inc. (NASDAQ:UPBD) Stock Position Increased by Barclays PLC

Barclays PLC grew its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 363,770 shares of the company's stock after acquiring an additional 47,545 shares during the period. Barclays PLC owned about 0.67% of Upbound Group worth $10,612,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. R Squared Ltd purchased a new stake in Upbound Group during the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in shares of Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after acquiring an additional 705 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock worth $110,000 after acquiring an additional 429 shares during the last quarter. Vestcor Inc purchased a new position in Upbound Group in the fourth quarter valued at about $174,000. Finally, Virtu Financial LLC purchased a new position in Upbound Group in the third quarter valued at about $229,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Upbound Group Stock Up 0.4 %

UPBD traded up $0.09 on Monday, reaching $20.64. The company's stock had a trading volume of 486,147 shares, compared to its average volume of 497,160. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 9.34 and a beta of 1.90. Upbound Group, Inc. has a 1 year low of $19.69 and a 1 year high of $38.72. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The business's 50 day moving average is $23.48 and its 200 day moving average is $28.13.

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

Upbound Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's dividend payout ratio is presently 70.59%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, Director Jeffrey J. Brown purchased 1,694 shares of the company's stock in a transaction dated Tuesday, April 22nd. The shares were acquired at an average cost of $19.89 per share, for a total transaction of $33,693.66. Following the transaction, the director now owns 88,074 shares of the company's stock, valued at $1,751,791.86. This trade represents a 1.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Fahmi Karam bought 11,500 shares of the business's stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now directly owns 164,672 shares in the company, valued at $4,251,831.04. This represents a 7.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is currently owned by company insiders.

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.