Natixis Advisors LLC Buys 53,991 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Natixis Advisors LLC raised its stake in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 524.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,282 shares of the company's stock after acquiring an additional 53,991 shares during the quarter. Natixis Advisors LLC owned approximately 0.12% of Upbound Group worth $1,875,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its stake in Upbound Group by 1.1% in the third quarter. Thrivent Financial for Lutherans now owns 94,129 shares of the company's stock worth $3,011,000 after acquiring an additional 1,032 shares during the period. Charles Schwab Investment Management Inc. grew its position in Upbound Group by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 914,047 shares of the company's stock worth $29,240,000 after purchasing an additional 33,167 shares during the period. Citigroup Inc. increased its holdings in Upbound Group by 26.8% during the third quarter. Citigroup Inc. now owns 118,042 shares of the company's stock valued at $3,776,000 after buying an additional 24,983 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Upbound Group in the 3rd quarter worth approximately $2,117,000. Finally, Blueshift Asset Management LLC purchased a new position in Upbound Group in the 3rd quarter worth approximately $232,000. 90.30% of the stock is owned by institutional investors.

Upbound Group Stock Down 2.2 %

NASDAQ UPBD traded down $0.56 during trading hours on Tuesday, hitting $24.80. The company had a trading volume of 460,413 shares, compared to its average volume of 464,289. Upbound Group, Inc. has a fifty-two week low of $23.35 and a fifty-two week high of $38.72. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 11.22 and a beta of 2.01. The firm's 50 day moving average is $27.63 and its 200 day moving average is $29.71.

Remove Ads

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

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 6.29%. The ex-dividend date is Wednesday, April 2nd. Upbound Group's dividend payout ratio is currently 70.59%.

Insiders Place Their Bets

In other Upbound Group news, CFO Fahmi Karam purchased 11,500 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now owns 164,672 shares in the company, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey J. Brown purchased 1,146 shares of the company's stock in a transaction dated Tuesday, January 7th. The stock was purchased at an average price of $29.01 per share, for a total transaction of $33,245.46. Following the transaction, the director now directly owns 86,380 shares in the company, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on UPBD shares. TD Cowen upgraded Upbound Group to a "strong-buy" rating in a research note on Friday, November 29th. Loop Capital decreased 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 report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

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.