19,685 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,685 shares of the company's stock, valued at approximately $574,000.

A number of other institutional investors have also recently added to or reduced their stakes in UPBD. R Squared Ltd acquired a new position in shares of Upbound Group in the 4th quarter valued at about $25,000. Blue Trust Inc. raised its holdings in Upbound Group by 45.0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock valued at $73,000 after buying an additional 705 shares during the period. PNC Financial Services Group Inc. raised its holdings in Upbound Group by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after buying an additional 429 shares during the period. Vestcor Inc acquired a new position in Upbound Group during the fourth quarter valued at approximately $174,000. Finally, Virtu Financial LLC purchased a new stake in Upbound Group during the third quarter worth approximately $229,000. Hedge funds and other institutional investors own 90.30% of the company's stock.

Upbound Group Stock Down 1.2 %

NASDAQ:UPBD traded down $0.24 during trading hours on Friday, hitting $20.48. The stock had a trading volume of 97,421 shares, compared to its average volume of 495,644. The company has a market cap of $1.18 billion, a PE ratio of 9.25 and a beta of 1.90. The business has a 50 day simple moving average of $23.84 and a two-hundred day simple moving average of $28.26. Upbound Group, Inc. has a 1-year low of $19.69 and a 1-year high of $38.72. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08.

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

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 7.62%. Upbound Group's dividend payout ratio (DPR) is presently 70.59%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Separately, Loop Capital cut their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Upbound Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

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.