Sei Investments Co. Buys 12,986 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Sei Investments Co. boosted its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 204.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,334 shares of the company's stock after purchasing an additional 12,986 shares during the period. Sei Investments Co.'s holdings in Upbound Group were worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Upbound Group by 2,864.5% in the 3rd 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 grew its position in shares of Upbound Group by 4.7% in the third quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company's stock valued at $38,968,000 after purchasing an additional 54,427 shares during the period. Barclays PLC raised its position in shares of 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 purchasing an additional 94,333 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Upbound Group by 130.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company's stock worth $5,835,000 after buying an additional 103,212 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Upbound Group by 2.2% during the third quarter. State Street Corp now owns 2,028,224 shares of the company's stock valued at $64,883,000 after acquiring an additional 43,814 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Insider Activity

In related news, CFO Fahmi Karam bought 11,500 shares of the business's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $25.82 per share, with a total value 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. This trade represents a 7.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company's stock.

Upbound Group Stock Down 0.6 %

Upbound Group stock traded down $0.13 during midday trading on Tuesday, hitting $20.99. 35,281 shares of the company were exchanged, compared to its average volume of 492,199. Upbound Group, Inc. has a fifty-two week low of $20.08 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 cap of $1.21 billion, a PE ratio of 9.49 and a beta of 1.90. The company's fifty day moving average price is $25.31 and its 200-day moving average price is $28.76.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $1.05 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 during the quarter, compared to analyst estimates of $1.06 billion. On average, research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd will be paid a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 7.43%. Upbound Group's payout ratio is 70.59%.

Analyst Ratings Changes

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

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.