Upbound Group, Inc. (NASDAQ:UPBD) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 6.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 974,186 shares of the company's stock after purchasing an additional 60,139 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.78% of Upbound Group worth $28,417,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UPBD. New York State Teachers Retirement System increased its stake in Upbound Group by 0.4% in the 4th quarter. New York State Teachers Retirement System now owns 80,938 shares of the company's stock worth $2,361,000 after buying an additional 360 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Upbound Group by 2.4% in the 4th quarter. Illinois Municipal Retirement Fund now owns 26,498 shares of the company's stock valued at $773,000 after acquiring an additional 616 shares during the last quarter. Blue Trust Inc. grew its holdings in Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after acquiring an additional 705 shares during the period. Inspire Investing LLC raised its position in shares of Upbound Group by 6.3% in the fourth quarter. Inspire Investing LLC now owns 13,798 shares of the company's stock worth $402,000 after acquiring an additional 818 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Upbound Group during the 4th quarter valued at approximately $25,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research firms have commented on UPBD. Loop Capital cut their price objective on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating for the company in a report on Friday, February 21st. TD Cowen raised shares of Upbound Group to a "strong-buy" rating in a research note on Friday, November 29th. Two investment 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Upbound Group Stock Performance

NASDAQ UPBD traded up $0.17 on Friday, reaching $24.80. The stock had a trading volume of 331,825 shares, compared to its average volume of 464,899. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. The stock has a market cap of $1.42 billion, a P/E ratio of 11.22 and a beta of 2.01. The business's 50-day moving average price is $27.79 and its 200 day moving average price is $29.86. 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 company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities analysts expect that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Announces Dividend

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

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.