Segall Bryant & Hamill LLC Raises Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Segall Bryant & Hamill LLC grew its position in Upbound Group, Inc. (NASDAQ:UPBDFree Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,811 shares of the company’s stock after buying an additional 1,711 shares during the quarter. Segall Bryant & Hamill LLC owned 0.19% of Upbound Group worth $3,289,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in UPBD. SG Americas Securities LLC purchased a new stake in shares of Upbound Group during the 1st quarter worth $112,000. Russell Investments Group Ltd. lifted its stake in shares of Upbound Group by 33.0% during the 1st quarter. Russell Investments Group Ltd. now owns 34,643 shares of the company’s stock worth $1,220,000 after purchasing an additional 8,602 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Upbound Group by 4.7% during the 1st quarter. ProShare Advisors LLC now owns 10,592 shares of the company’s stock worth $373,000 after purchasing an additional 477 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Upbound Group by 35.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,267 shares of the company’s stock worth $749,000 after purchasing an additional 5,530 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Upbound Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company’s stock worth $211,453,000 after purchasing an additional 209,422 shares during the last quarter. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Upbound Group Stock Performance

Shares of UPBD opened at $33.80 on Friday. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.86 and a current ratio of 3.66. The stock has a 50-day moving average of $30.38 and a two-hundred day moving average of $31.55. The stock has a market cap of $1.85 billion, a P/E ratio of 23.31 and a beta of 2.01. Upbound Group, Inc. has a one year low of $26.50 and a one year high of $38.72.

Upbound Group (NASDAQ:UPBDGet Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Upbound Group’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, research analysts predict that Upbound Group, Inc. will post 3.79 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a yield of 4.38%. Upbound Group’s dividend payout ratio is presently 102.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Loop Capital decreased their price objective on Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group decreased their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating for the company in a research note on Tuesday, October 1st. Finally, Stephens assumed coverage on Upbound Group in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.17.

Check Out Our Latest Research Report on Upbound Group

Insider Buying and Selling at Upbound Group

In related news, EVP Transient C. Taylor sold 15,127 shares of Upbound Group stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $34.00, for a total transaction of $514,318.00. Following the completion of the transaction, the executive vice president now directly owns 14,651 shares in the company, valued at approximately $498,134. This trade represents a 50.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey J. Brown purchased 1,065 shares of Upbound Group stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $29.25 per share, with a total value of $31,151.25. Following the completion of the transaction, the director now owns 85,234 shares of the company’s stock, valued at $2,493,094.50. This represents a 1.27 % increase in their position. The disclosure for this purchase can be found here. 2.70% of the stock is owned by corporate insiders.

Upbound Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Upbound Group (NASDAQ:UPBD)

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