LSV Asset Management Cuts Stock Position in Upbound Group, Inc. (NASDAQ:UPBD)

LSV Asset Management decreased its position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 6.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,574,823 shares of the company's stock after selling 107,130 shares during the quarter. LSV Asset Management owned approximately 2.88% of Upbound Group worth $45,938,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. State Street Corp grew its stake in Upbound Group by 2.2% in the 3rd quarter. State Street Corp now owns 2,028,224 shares of the company's stock worth $64,883,000 after buying an additional 43,814 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Upbound Group by 2,864.5% during the third quarter. Wellington Management Group LLP now owns 405,569 shares of the company's stock valued at $12,974,000 after acquiring an additional 391,888 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Upbound Group by 23.9% during the third quarter. Jane Street Group LLC now owns 80,123 shares of the company's stock valued at $2,563,000 after buying an additional 15,473 shares during the period. Barclays PLC lifted its position in shares of Upbound Group by 42.5% in the 3rd quarter. Barclays PLC now owns 316,225 shares of the company's stock worth $10,116,000 after purchasing an additional 94,333 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Upbound Group by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company's stock worth $38,968,000 after acquiring an additional 54,427 shares in the last quarter. Hedge funds and other institutional investors own 90.30% of the company's stock.

Analysts Set New Price Targets

Separately, Loop Capital dropped their price objective on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Insider Activity at Upbound Group

In other Upbound Group news, CFO Fahmi Karam acquired 11,500 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the completion of the transaction, the chief financial officer now directly owns 164,672 shares of the company's stock, valued at approximately $4,251,831.04. The trade was a 7.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Upbound Group Stock Performance

UPBD stock traded up $0.11 during trading on Thursday, reaching $20.48. The stock had a trading volume of 142,605 shares, compared to its average volume of 494,128. The firm has a market cap of $1.18 billion, a PE ratio of 9.26 and a beta of 1.90. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.08. The stock's 50 day moving average is $24.93 and its two-hundred day moving average is $28.65. Upbound Group, Inc. has a 52 week low of $20.06 and a 52 week high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.06 billion. As a group, equities analysts anticipate that Upbound Group, Inc. will post 4.28 earnings per share for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.62%. Upbound Group's payout ratio is 70.59%.

About Upbound Group

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.