Amundi Purchases 12,657 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Amundi grew its position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 29.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,159 shares of the company's stock after acquiring an additional 12,657 shares during the quarter. Amundi owned 0.10% of Upbound Group worth $1,677,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. R Squared Ltd acquired a new position in Upbound Group during the fourth quarter worth $25,000. Blue Trust Inc. grew its holdings in shares of Upbound Group by 45.0% in the 4th 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. Quarry LP raised its holdings in Upbound Group by 374.3% during the third quarter. Quarry LP now owns 3,282 shares of the company's stock worth $105,000 after acquiring an additional 2,590 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Upbound Group by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after purchasing an additional 429 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Upbound Group in the third quarter valued at approximately $229,000. 90.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UPBD shares. TD Cowen raised Upbound Group to a "strong-buy" rating in a report on Friday, November 29th. Loop Capital cut their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a research note 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.com, the company has an average rating of "Moderate Buy" and an average price target of $37.00.

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Upbound Group Stock Performance

Shares of UPBD traded up $0.18 during trading hours on Friday, hitting $24.81. The company had a trading volume of 994,975 shares, compared to its average volume of 464,900. The business has a fifty day moving average of $27.79 and a 200-day moving average of $29.86. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 11.23 and a beta of 2.01. Upbound Group, Inc. has a 12 month low of $23.35 and a 12 month high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Equities analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 6.29%. Upbound Group's dividend payout ratio is 70.59%.

Insiders Place Their Bets

In other Upbound Group news, CFO Fahmi Karam bought 11,500 shares of the stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $25.82 per share, with a total value of $296,930.00. Following the completion of the acquisition, the chief financial officer now owns 164,672 shares of the company's stock, valued at $4,251,831.04. This trade represents a 7.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey J. Brown purchased 1,146 shares of the business's stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $29.01 per share, with a total value of $33,245.46. Following the completion of the purchase, the director now owns 86,380 shares of the company's stock, valued at $2,505,883.80. This trade represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company's stock.

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.