Barclays PLC Sells 30,318 Shares of PROG Holdings, Inc. (NYSE:PRG)

Barclays PLC lowered its position in PROG Holdings, Inc. (NYSE:PRG - Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,837 shares of the company's stock after selling 30,318 shares during the quarter. Barclays PLC owned 0.76% of PROG worth $13,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in PROG by 2.4% in the fourth quarter. LPL Financial LLC now owns 19,719 shares of the company's stock valued at $833,000 after purchasing an additional 458 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of PROG by 4.1% during the fourth quarter. HB Wealth Management LLC now owns 16,176 shares of the company's stock worth $684,000 after buying an additional 631 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of PROG by 0.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 74,075 shares of the company's stock valued at $3,130,000 after purchasing an additional 658 shares during the period. KBC Group NV lifted its stake in shares of PROG by 53.9% in the 4th quarter. KBC Group NV now owns 2,015 shares of the company's stock worth $85,000 after acquiring an additional 706 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of PROG by 141.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,208 shares of the company's stock valued at $51,000 after acquiring an additional 707 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.

PROG Trading Up 0.8 %

Shares of PROG stock traded up $0.19 during trading on Thursday, hitting $24.92. The stock had a trading volume of 584,590 shares, compared to its average volume of 452,798. PROG Holdings, Inc. has a 1 year low of $23.50 and a 1 year high of $50.28. The stock has a 50 day simple moving average of $27.55 and a 200 day simple moving average of $38.88. The company has a quick ratio of 2.34, a current ratio of 5.24 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $1.02 billion, a PE ratio of 5.49 and a beta of 1.96.

PROG (NYSE:PRG - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.08. The company had revenue of $684.09 million during the quarter, compared to analyst estimates of $678.23 million. PROG had a return on equity of 24.25% and a net margin of 8.01%. On average, research analysts expect that PROG Holdings, Inc. will post 3.45 EPS for the current fiscal year.

PROG Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 13th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, March 13th. This is an increase from PROG's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 2.09%. PROG's payout ratio is presently 11.45%.

Analyst Ratings Changes

PRG has been the topic of several research analyst reports. Jefferies Financial Group cut PROG from a "buy" rating to a "hold" rating and lowered their price target for the company from $58.00 to $29.00 in a research report on Wednesday, February 26th. KeyCorp cut their price target on shares of PROG from $50.00 to $45.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Stephens restated an "overweight" rating and set a $60.00 price objective on shares of PROG in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.33.

Insider Buying and Selling at PROG

In other PROG news, Director Douglas C. Curling bought 10,000 shares of PROG stock in a transaction on Friday, February 21st. The stock was purchased at an average cost of $29.88 per share, for a total transaction of $298,800.00. Following the completion of the purchase, the director now directly owns 45,913 shares of the company's stock, valued at $1,371,880.44. The trade was a 27.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Caroline Sio-Chin Sheu purchased 1,650 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $28.01 per share, for a total transaction of $46,216.50. Following the purchase, the director now owns 18,291 shares in the company, valued at $512,330.91. The trade was a 9.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.21% of the company's stock.

About PROG

PROG Holdings, Inc NYSE: PRG is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.