Upbound Group, Inc. (NASDAQ:UPBD) Shares Purchased by Barclays PLC

Barclays PLC raised its holdings in Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,770 shares of the company's stock after buying an additional 47,545 shares during the period. Barclays PLC owned about 0.67% of Upbound Group worth $10,612,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its holdings in shares of Upbound Group by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company's stock valued at $38,968,000 after acquiring an additional 54,427 shares during the last quarter. Virtu Financial LLC acquired a new position in Upbound Group in the third quarter valued at approximately $229,000. Franklin Resources Inc. increased its stake in Upbound Group by 29.0% in the third quarter. Franklin Resources Inc. now owns 32,791 shares of the company's stock valued at $963,000 after purchasing an additional 7,372 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Upbound Group by 130.3% during the third quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company's stock worth $5,835,000 after purchasing an additional 103,212 shares in the last quarter. Finally, Moody National Bank Trust Division purchased a new stake in shares of Upbound Group during the 4th quarter worth approximately $241,000. 90.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Upbound Group

In other news, CFO Fahmi Karam acquired 11,500 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now directly owns 164,672 shares in the company, valued at approximately $4,251,831.04. This represents a 7.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Loop Capital dropped their target price on shares of Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a research report 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Upbound Group has an average rating of "Moderate Buy" and an average price target of $37.00.

Upbound Group Trading Up 2.8 %

UPBD opened at $20.54 on Wednesday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 9.29 and a beta of 1.90. Upbound Group, Inc. has a 52 week low of $19.69 and a 52 week high of $38.72. The business's 50 day moving average is $24.19 and its two-hundred day moving average is $28.38. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.08.

Upbound Group (NASDAQ:UPBD - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, research analysts predict that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date was Wednesday, April 2nd. Upbound Group's dividend payout ratio is currently 70.59%.

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.

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