21,570 Shares in PROG Holdings, Inc. (NYSE:PRG) Bought by Stifel Financial Corp

Stifel Financial Corp purchased a new stake in shares of PROG Holdings, Inc. (NYSE:PRG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 21,570 shares of the company's stock, valued at approximately $1,046,000. Stifel Financial Corp owned about 0.05% of PROG as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PRG. FMR LLC lifted its holdings in shares of PROG by 1.3% during the third quarter. FMR LLC now owns 2,430,318 shares of the company's stock worth $117,846,000 after buying an additional 30,030 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of PROG by 0.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 896,075 shares of the company's stock valued at $31,076,000 after buying an additional 6,803 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of PROG by 14.1% in the second quarter. American Century Companies Inc. now owns 684,705 shares of the company's stock valued at $23,746,000 after buying an additional 84,497 shares during the period. Assenagon Asset Management S.A. acquired a new stake in PROG during the third quarter worth about $19,079,000. Finally, Diversify Wealth Management LLC bought a new position in PROG during the second quarter valued at about $8,794,000. Institutional investors own 97.92% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PRG. Stephens initiated coverage on PROG in a research report on Wednesday, November 13th. They issued an "overweight" rating and a $60.00 price objective for the company. Raymond James upgraded shares of PROG from a "market perform" rating to an "outperform" rating and set a $48.00 price target on the stock in a research note on Thursday, October 24th. KeyCorp increased their price objective on shares of PROG from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of PROG from $50.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, October 1st. Finally, TD Cowen raised shares of PROG to a "strong-buy" rating in a research note on Friday, November 29th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $53.83.

Insiders Place Their Bets

In other PROG news, VP George M. Sewell sold 3,500 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $48.88, for a total value of $171,080.00. Following the completion of the sale, the vice president now owns 12,639 shares in the company, valued at approximately $617,794.32. This trade represents a 21.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Garner sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $49.29, for a total transaction of $246,450.00. Following the sale, the chief financial officer now directly owns 107,720 shares in the company, valued at $5,309,518.80. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,207 shares of company stock valued at $5,759,152. 2.74% of the stock is currently owned by corporate insiders.

PROG Price Performance

Shares of PRG traded up $0.78 during trading hours on Tuesday, hitting $42.51. The stock had a trading volume of 113,143 shares, compared to its average volume of 408,216. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.78 and a beta of 2.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 4.97 and a quick ratio of 2.34. The company's fifty day moving average is $46.33 and its two-hundred day moving average is $43.29. PROG Holdings, Inc. has a 52 week low of $27.84 and a 52 week high of $50.28.

PROG (NYSE:PRG - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.77 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. PROG had a net margin of 6.55% and a return on equity of 24.56%. The firm had revenue of $606.10 million for the quarter, compared to analyst estimates of $601.86 million. During the same period in the previous year, the business earned $0.90 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts anticipate that PROG Holdings, Inc. will post 3.36 EPS for the current year.

PROG Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 19th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.48 dividend on an annualized basis and a yield of 1.13%. PROG's dividend payout ratio is 13.30%.

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.