LSV Asset Management Acquires 101,620 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

LSV Asset Management grew its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,184,352 shares of the company’s stock after acquiring an additional 101,620 shares during the period. LSV Asset Management owned 2.18% of Upbound Group worth $40,232,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UPBD. FMR LLC bought a new stake in Upbound Group during the third quarter worth about $182,465,000. Vanguard Group Inc. acquired a new position in Upbound Group in the 3rd quarter valued at approximately $170,877,000. Ieq Capital LLC bought a new position in Upbound Group during the 3rd quarter worth $42,184,000. Bank of New York Mellon Corp acquired a new position in shares of Upbound Group in the third quarter worth approximately $26,094,000. Finally, Charles Schwab Investment Management Inc. bought a new position in Upbound Group during the 3rd quarter worth approximately $24,249,000. 90.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. KeyCorp increased their price objective on shares of Upbound Group from $39.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. TD Cowen started coverage on Upbound Group in a research report on Friday, March 8th. They set an “outperform” rating and a $43.00 target price on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $38.17.

Insider Activity at Upbound Group

In other Upbound Group news, EVP Anthony J. Blasquez sold 12,485 shares of Upbound Group stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total transaction of $414,252.30. Following the completion of the sale, the executive vice president now directly owns 58,967 shares in the company, valued at $1,956,525.06. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jeffrey J. Brown bought 991 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average price of $30.68 per share, for a total transaction of $30,403.88. Following the transaction, the director now directly owns 83,138 shares of the company’s stock, valued at approximately $2,550,673.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony J. Blasquez sold 12,485 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total transaction of $414,252.30. Following the transaction, the executive vice president now owns 58,967 shares in the company, valued at $1,956,525.06. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Upbound Group Stock Performance

UPBD stock opened at $30.77 on Monday. The stock’s 50 day moving average is $32.84 and its 200-day moving average is $31.92. Upbound Group, Inc. has a twelve month low of $25.00 and a twelve month high of $36.17. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.72 and a current ratio of 3.49.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. Upbound Group had a negative net margin of 0.61% and a positive return on equity of 33.40%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.83 EPS. Upbound Group’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, research analysts predict that Upbound Group, Inc. will post 3.76 EPS for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Wednesday, April 3rd were given a $0.37 dividend. The ex-dividend date was Tuesday, April 2nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.81%. Upbound Group’s dividend payout ratio (DPR) is presently -321.74%.

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.