Wellington Management Group LLP Purchases 153,551 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Wellington Management Group LLP increased its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 559,120 shares of the company's stock after buying an additional 153,551 shares during the period. Wellington Management Group LLP owned about 1.02% of Upbound Group worth $16,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd bought a new stake in Upbound Group during the fourth quarter valued at $25,000. Blue Trust Inc. grew its position in shares of Upbound Group by 45.0% during the 4th quarter. Blue Trust Inc. now owns 2,271 shares of the company's stock worth $73,000 after buying an additional 705 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Upbound Group by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company's stock valued at $110,000 after acquiring an additional 429 shares during the period. Vestcor Inc bought a new stake in Upbound Group in the fourth quarter valued at $174,000. Finally, Virtu Financial LLC bought a new position in shares of Upbound Group during the 3rd quarter worth about $229,000. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Loop Capital cut their price target on Upbound Group from $33.00 to $30.00 and set a "hold" rating on the stock in a report on Friday, February 21st. Two 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

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Upbound Group Stock Down 0.0 %

UPBD traded down $0.01 during mid-day trading on Monday, reaching $20.95. 22,152 shares of the stock were exchanged, compared to its average volume of 492,246. Upbound Group, Inc. has a 1 year low of $20.08 and a 1 year high of $38.72. The stock has a market capitalization of $1.20 billion, a PE ratio of 9.49 and a beta of 1.90. The company has a 50 day moving average price of $25.47 and a two-hundred day moving average price of $28.84. 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 (NASDAQ:UPBD - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.02. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. As a group, research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Wednesday, April 2nd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Wednesday, April 2nd. Upbound Group's dividend payout ratio (DPR) is presently 70.59%.

Insider Activity at Upbound Group

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

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.