Upbound Group, Inc. (NASDAQ:UPBD) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 153.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,421 shares of the company's stock after purchasing an additional 59,526 shares during the period. Victory Capital Management Inc. owned 0.18% of Upbound Group worth $3,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ieq Capital LLC grew its holdings in shares of Upbound Group by 112.7% during the second quarter. Ieq Capital LLC now owns 4,827,021 shares of the company's stock worth $148,190,000 after purchasing an additional 2,557,906 shares during the last quarter. Marshall Wace LLP raised its position in shares of Upbound Group by 1,903.6% during the second quarter. Marshall Wace LLP now owns 395,888 shares of the company's stock worth $12,154,000 after purchasing an additional 376,129 shares during the period. SG Capital Management LLC bought a new position in shares of Upbound Group in the first quarter valued at $12,198,000. Huber Capital Management LLC raised its stake in shares of Upbound Group by 51.4% in the second quarter. Huber Capital Management LLC now owns 745,299 shares of the company's stock worth $22,881,000 after purchasing an additional 253,104 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Upbound Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 6,005,494 shares of the company's stock worth $211,453,000 after acquiring an additional 209,422 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company's stock.

Upbound Group Stock Up 2.5 %

Shares of UPBD stock traded up $0.81 during mid-day trading on Friday, hitting $33.80. 359,835 shares of the stock traded hands, compared to its average volume of 438,522. The company has a debt-to-equity ratio of 2.02, a current ratio of 3.66 and a quick ratio of 0.86. The stock has a market cap of $1.85 billion, a P/E ratio of 23.31 and a beta of 2.01. The stock's fifty day moving average is $30.44 and its two-hundred day moving average is $31.56. Upbound Group, Inc. has a 52-week low of $26.50 and a 52-week high of $38.72.

Upbound Group (NASDAQ:UPBD - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $0.79 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Equities analysts predict that Upbound Group, Inc. will post 3.79 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 1st were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.48 annualized dividend and a yield of 4.38%. Upbound Group's dividend payout ratio is presently 102.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens started coverage on Upbound Group in a report on Wednesday, November 13th. They set an "overweight" rating and a $38.00 price objective for the company. Loop Capital lowered their target price on shares of Upbound Group from $36.00 to $33.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group lowered their price objective on shares of Upbound Group from $37.00 to $35.00 and set a "hold" rating for the company in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.17.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,065 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was bought at an average price of $29.25 per share, with a total value of $31,151.25. Following the purchase, the director now owns 85,234 shares in the company, valued at approximately $2,493,094.50. The trade was a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $34.00, for a total value of $514,318.00. Following the transaction, the executive vice president now directly owns 14,651 shares in the company, valued at $498,134. This trade represents a 50.80 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.70% of the company's stock.

About Upbound Group

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.