Upbound Group, Inc. (NASDAQ:UPBD) Stock Holdings Lowered by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,382 shares of the company's stock after selling 45,795 shares during the period. Quantbot Technologies LP's holdings in Upbound Group were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in UPBD. Wellington Management Group LLP raised its position in Upbound Group by 2,864.5% in the third quarter. Wellington Management Group LLP now owns 405,569 shares of the company's stock valued at $12,974,000 after purchasing an additional 391,888 shares during the period. Geode Capital Management LLC raised its holdings in shares of Upbound Group by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company's stock valued at $38,968,000 after buying an additional 54,427 shares during the period. Barclays PLC lifted its position in Upbound Group by 42.5% during the 3rd quarter. Barclays PLC now owns 316,225 shares of the company's stock worth $10,116,000 after acquiring an additional 94,333 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Upbound Group by 130.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company's stock worth $5,835,000 after acquiring an additional 103,212 shares in the last quarter. Finally, State Street Corp boosted its holdings 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 acquiring an additional 43,814 shares during the period. Institutional investors and hedge funds own 90.30% of the company's stock.

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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 equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Insider Buying and Selling at Upbound Group

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

Upbound Group Stock Up 1.0 %

Shares of NASDAQ UPBD traded up $0.24 during midday trading on Tuesday, reaching $24.20. 612,052 shares of the company's stock were exchanged, compared to its average volume of 483,944. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.86 and a current ratio of 3.66. Upbound Group, Inc. has a 52-week low of $23.35 and a 52-week high of $38.72. The business's fifty day moving average price is $27.01 and its two-hundred day moving average price is $29.46. The stock has a market capitalization of $1.39 billion, a PE ratio of 10.95 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD - Get Free Report) last posted 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 return on equity of 35.47% and a net margin of 2.86%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

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. The ex-dividend date is Wednesday, April 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 6.45%. Upbound Group's dividend payout ratio (DPR) is 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.