Segall Bryant & Hamill LLC Boosts Stock Position in Upbound Group, Inc. (NASDAQ:UPBD)

Segall Bryant & Hamill LLC grew its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,811 shares of the company’s stock after buying an additional 1,711 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Upbound Group were worth $3,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Upbound Group by 47.9% in the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock valued at $34,000 after buying an additional 362 shares in the last quarter. Covestor Ltd increased its position in shares of Upbound Group by 268.8% in the third quarter. Covestor Ltd now owns 1,136 shares of the company’s stock valued at $37,000 after buying an additional 828 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Upbound Group in the second quarter valued at approximately $42,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Upbound Group in the second quarter valued at approximately $89,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Upbound Group in the first quarter worth approximately $112,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UPBD has been the topic of a number of research analyst reports. Loop Capital lowered their price target on Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Stephens initiated coverage on Upbound Group in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target on the stock. Finally, Jefferies Financial Group lowered their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.17.

Upbound Group Stock Up 2.5 %

NASDAQ UPBD opened at $33.80 on Friday. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. Upbound Group, Inc. has a 52 week low of $26.50 and a 52 week high of $38.72. The business’s fifty day simple moving average is $30.38 and its 200-day simple moving average is $31.55. The firm has a market cap of $1.85 billion, a PE ratio of 23.31 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last posted its earnings results on Thursday, October 31st. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $0.79 EPS. Upbound Group’s revenue was up 9.2% on a year-over-year basis. As a group, equities analysts anticipate that Upbound Group, Inc. will post 3.79 earnings per share for the current year.

Upbound Group Dividend Announcement

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

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown purchased 1,065 shares of the stock in a transaction dated Tuesday, October 22nd. The stock was acquired at an average cost of $29.25 per share, for a total transaction of $31,151.25. Following the acquisition, the director now owns 85,234 shares in the company, valued at $2,493,094.50. This trade represents a 1.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Transient C. Taylor sold 15,127 shares of the 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 owns 14,651 shares of the company’s stock, valued at approximately $498,134. This represents a 50.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Upbound Group 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.