O Shaughnessy Asset Management LLC Buys 14,947 Shares of PROG Holdings, Inc. (NYSE:PRG)

O Shaughnessy Asset Management LLC grew its position in PROG Holdings, Inc. (NYSE:PRG - Free Report) by 20.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 86,771 shares of the company's stock after buying an additional 14,947 shares during the period. O Shaughnessy Asset Management LLC owned 0.21% of PROG worth $3,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its position in PROG by 36.8% during the 4th quarter. Allianz Asset Management GmbH now owns 779,716 shares of the company's stock valued at $32,951,000 after purchasing an additional 209,805 shares during the period. Great Lakes Advisors LLC lifted its holdings in PROG by 170.7% in the fourth quarter. Great Lakes Advisors LLC now owns 248,964 shares of the company's stock valued at $10,521,000 after buying an additional 157,006 shares during the period. Norges Bank bought a new position in PROG in the fourth quarter valued at approximately $6,093,000. State Street Corp grew its holdings in PROG by 6.9% during the 3rd quarter. State Street Corp now owns 1,776,377 shares of the company's stock worth $86,137,000 after acquiring an additional 114,498 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of PROG by 115.5% during the 4th quarter. JPMorgan Chase & Co. now owns 196,260 shares of the company's stock valued at $8,294,000 after acquiring an additional 105,179 shares during the last quarter. Institutional investors own 97.92% of the company's stock.

Insider Buying and Selling at PROG

In other PROG news, Director Caroline Sio-Chin Sheu bought 1,650 shares of PROG stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $28.01 per share, for a total transaction of $46,216.50. Following the completion of the acquisition, the director now owns 18,291 shares of the company's stock, valued at $512,330.91. This trade represents a 9.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas C. Curling bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of $29.88 per share, with a total value of $298,800.00. Following the transaction, the director now owns 45,913 shares of the company's stock, valued at $1,371,880.44. This represents a 27.85 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.74% of the company's stock.

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PROG Stock Down 0.7 %

Shares of NYSE PRG traded down $0.18 during mid-day trading on Monday, reaching $25.02. 623,864 shares of the company's stock were exchanged, compared to its average volume of 442,115. PROG Holdings, Inc. has a twelve month low of $23.50 and a twelve month high of $50.28. The company has a current ratio of 5.24, a quick ratio of 2.34 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 5.51 and a beta of 1.96. The business has a fifty day simple moving average of $32.38 and a 200 day simple moving average of $40.92.

PROG (NYSE:PRG - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $623.30 million for the quarter, compared to the consensus estimate of $612.67 million. PROG had a net margin of 8.01% and a return on equity of 24.25%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.72 EPS. As a group, equities analysts expect that PROG Holdings, Inc. will post 3.45 EPS for the current fiscal year.

PROG Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Thursday, March 13th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This is a positive change from PROG's previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 2.08%. PROG's dividend payout ratio is presently 10.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PRG shares. Jefferies Financial Group cut PROG from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $58.00 to $29.00 in a research note on Wednesday, February 26th. Stephens restated an "overweight" rating and set a $60.00 target price on shares of PROG in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.00.

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.