7,259 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new position in shares of Upbound Group, Inc. (NASDAQ:UPBD) in the third quarter, HoldingsChannel reports. The fund purchased 7,259 shares of the company’s stock, valued at approximately $232,000.

A number of other large investors have also recently bought and sold shares of UPBD. Quantbot Technologies LP bought a new stake in Upbound Group during the third quarter worth about $2,117,000. Algert Global LLC increased its position in shares of Upbound Group by 82.8% during the 3rd quarter. Algert Global LLC now owns 265,661 shares of the company’s stock worth $8,498,000 after purchasing an additional 120,345 shares during the last quarter. Citigroup Inc. raised its stake in shares of Upbound Group by 26.8% during the 3rd quarter. Citigroup Inc. now owns 118,042 shares of the company’s stock worth $3,776,000 after purchasing an additional 24,983 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Upbound Group by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,047 shares of the company’s stock valued at $29,240,000 after buying an additional 33,167 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Upbound Group by 288.6% in the third quarter. Intech Investment Management LLC now owns 95,989 shares of the company’s stock valued at $3,071,000 after buying an additional 71,285 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insider Transactions at Upbound Group

In other news, Director Jeffrey J. Brown bought 1,065 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the transaction, the director now owns 85,234 shares of the company’s stock, valued at $2,493,094.50. This trade represents a 1.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Upbound Group Trading Down 0.2 %

Shares of UPBD stock opened at $34.39 on Friday. Upbound Group, Inc. has a twelve month low of $26.50 and a twelve month high of $38.72. The stock’s fifty day simple moving average is $30.83 and its 200 day simple moving average is $31.63. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $1.88 billion, a P/E ratio of 23.72 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. As a group, sell-side analysts predict that Upbound Group, Inc. will post 3.79 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Tuesday, October 1st. Upbound Group’s payout ratio is currently 102.07%.

Analysts Set New Price Targets

UPBD has been the topic of several analyst reports. Stephens started coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock. Loop Capital lowered their price target on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Jefferies Financial Group lowered their price target on shares of Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.17.

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.