Charles Schwab Investment Management Inc. Has $29.24 Million Stock Position in Upbound Group, Inc. (NASDAQ:UPBD)

Charles Schwab Investment Management Inc. lifted its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 914,047 shares of the company's stock after buying an additional 33,167 shares during the period. Charles Schwab Investment Management Inc. owned about 1.67% of Upbound Group worth $29,240,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UPBD. Intech Investment Management LLC boosted its position in Upbound Group by 288.6% during the third quarter. Intech Investment Management LLC now owns 95,989 shares of the company's stock valued at $3,071,000 after purchasing an additional 71,285 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in Upbound Group by 1.7% during the third quarter. Segall Bryant & Hamill LLC now owns 102,811 shares of the company's stock valued at $3,289,000 after purchasing an additional 1,711 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Upbound Group by 1.1% during the third quarter. Thrivent Financial for Lutherans now owns 94,129 shares of the company's stock valued at $3,011,000 after purchasing an additional 1,032 shares during the last quarter. Natixis Advisors LLC acquired a new stake in Upbound Group during the third quarter valued at $329,000. Finally, MQS Management LLC boosted its position in Upbound Group by 23.3% during the third quarter. MQS Management LLC now owns 11,805 shares of the company's stock valued at $378,000 after purchasing an additional 2,234 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Insider Activity at Upbound Group

In other news, Director Jeffrey J. Brown purchased 1,065 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were purchased at an average cost of $29.25 per share, for a total transaction of $31,151.25. Following the completion of the purchase, the director now directly owns 85,234 shares of the company's stock, valued at approximately $2,493,094.50. The trade was a 1.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

Upbound Group Stock Performance

Shares of Upbound Group stock traded down $0.25 during trading on Thursday, reaching $33.84. The company's stock had a trading volume of 257,063 shares, compared to its average volume of 447,204. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.86 and a current ratio of 3.66. The business's fifty day moving average price is $31.03 and its 200-day moving average price is $31.66. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 23.61 and a beta of 2.03. Upbound Group, Inc. has a one year low of $26.50 and a one year high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. As a group, equities research analysts predict that Upbound Group, Inc. will post 3.79 earnings per share for the current year.

Upbound Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 1st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.37%. Upbound Group's payout ratio is presently 102.07%.

Analyst Ratings Changes

A number of research firms recently issued reports on UPBD. Stephens began coverage on Upbound Group in a research report on Wednesday, November 13th. They set an "overweight" rating and a $38.00 price objective for the company. Jefferies Financial Group reduced their price target on Upbound Group from $37.00 to $35.00 and set a "hold" rating for the company in a research report on Tuesday, October 1st. TD Cowen raised Upbound Group to a "strong-buy" rating in a research report on Friday, November 29th. Finally, Loop Capital reduced their price target on Upbound Group from $36.00 to $33.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.