Inspire Investing LLC Grows Stock Position in Upbound Group, Inc. (NASDAQ:UPBD)

Inspire Investing LLC grew its position in shares of Upbound Group, Inc. (NASDAQ:UPBDFree Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,798 shares of the company’s stock after purchasing an additional 818 shares during the period. Inspire Investing LLC’s holdings in Upbound Group were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UPBD. SG Americas Securities LLC increased its stake in Upbound Group by 240.2% during the 4th quarter. SG Americas Securities LLC now owns 15,103 shares of the company’s stock worth $441,000 after buying an additional 10,663 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Upbound Group by 43.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,543 shares of the company’s stock worth $489,000 after acquiring an additional 5,013 shares during the last quarter. Moody National Bank Trust Division acquired a new position in shares of Upbound Group in the fourth quarter worth about $241,000. JPMorgan Chase & Co. boosted its holdings in Upbound Group by 130.3% in the third quarter. JPMorgan Chase & Co. now owns 182,397 shares of the company’s stock valued at $5,835,000 after purchasing an additional 103,212 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Upbound Group by 29.0% during the 3rd 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 in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Upbound Group

In other news, Director Jeffrey J. Brown acquired 1,146 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $29.01 per share, with a total value of $33,245.46. Following the acquisition, the director now directly owns 86,380 shares in the company, valued at approximately $2,505,883.80. The trade was a 1.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Upbound Group Stock Down 0.6 %

Shares of NASDAQ:UPBD opened at $29.57 on Monday. Upbound Group, Inc. has a 1-year low of $26.50 and a 1-year high of $38.72. The company’s fifty day moving average is $31.27 and its two-hundred day moving average is $31.42. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.86 and a current ratio of 3.66. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.39 and a beta of 2.05.

Upbound Group (NASDAQ:UPBDGet Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. Upbound Group’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.79 earnings per share. Equities analysts anticipate that Upbound Group, Inc. will post 3.8 EPS for the current year.

Upbound Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Wednesday, December 18th were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from Upbound Group’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 5.28%. Upbound Group’s dividend payout ratio (DPR) is currently 107.59%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UPBD. Stephens began coverage on Upbound Group in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price on the stock. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Jefferies Financial Group decreased 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. Finally, Loop Capital cut 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. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.17.

Read Our Latest Report on UPBD

Upbound Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Upbound Group (NASDAQ:UPBD)

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