2 weeks Ago By ABMN Staff
Invesco Ltd. increased its holdings in shares of Upbound Group, Inc. ( NASDAQ:UPBD – Free Report ) by 16.
3% in the fourth quarter, Holdings Channel reports. The firm owned 434,819 shares of the company’s stock after buying an additional 60,934 shares during the period. Invesco Ltd.
’s holdings in Upbound Group were worth $12,684,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently bought and sold shares of UPBD. New York State Teachers Retirement System increased its position in shares of Upbound Group by 0.
4% during the fourth quarter. New York State Teachers Retirement System now owns 80,938 shares of the company’s stock valued at $2,361,000 after acquiring an additional 360 shares during the last quarter. PNC Financial Services Group Inc.
boosted 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 worth $110,000 after purchasing an additional 429 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Upbound Group by 2.4% in the 4th quarter.
Illinois Municipal Retirement Fund now owns 26,498 shares of the company’s stock valued at $773,000 after purchasing an additional 616 shares during the last quarter. Blue Trust Inc. raised its position in Upbound Group by 45.
0% in the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock valued at $73,000 after purchasing an additional 705 shares during the period.
Finally, Inspire Investing LLC raised its position in Upbound Group by 6.3% in the fourth quarter. Inspire Investing LLC now owns 13,798 shares of the company’s stock valued at $402,000 after purchasing an additional 818 shares during the period.
90.30% of the stock is currently owned by hedge funds and other institutional investors. Upbound Group Trading Down 2.
7 % Shares of UPBD stock opened at $19.99 on Tuesday. Upbound Group, Inc.
has a fifty-two week low of $19.69 and a fifty-two week high of $38.72.
The company has a 50 day moving average price of $24.38 and a 200 day moving average price of $28.44.
The stock has a market capitalization of $1.15 billion, a P/E ratio of 9.05 and a beta of 1.
90. 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 Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd.
Stockholders of record on Wednesday, April 2nd will be paid a $0.39 dividend. This represents a $1.
56 annualized dividend and a dividend yield of 7.80%. The ex-dividend date of this dividend is Wednesday, April 2nd.
Upbound Group’s payout ratio is presently 70.59%. Wall Street Analysts Forecast Growth Separately, Loop Capital lowered their price target on Upbound Group from $33.
00 to $30.00 and set a “hold” rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00. Get Our Latest Stock Report on UPBD Insider Transactions at Upbound Group In other news, CFO Fahmi Karam purchased 11,500 shares of the stock in a transaction on Monday, March 10th.
The stock was bought at an average price of $25.82 per share, for a total transaction of $296,930.00.
Following the acquisition, the chief financial officer now directly 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Corporate insiders own 2.
70% of the company’s stock. About Upbound Group ( 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. Featured Stories Want to see what other hedge funds are holding UPBD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upbound Group, Inc.
( NASDAQ:UPBD – Free Report ). Receive News & Ratings for Upbound Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upbound Group and related companies with MarketBeat.com's FREE daily email newsletter .
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