66,177 Shares in Upbound Group, Inc. (NASDAQ:UPBD) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 66,177 shares of the company’s stock, valued at approximately $2,117,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake 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 worth $34,000 after acquiring an additional 362 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Upbound Group by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 80,578 shares of the company’s stock valued at $2,578,000 after purchasing an additional 393 shares during the period. Amalgamated Bank grew its position in Upbound Group by 3.5% in the 3rd quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock worth $464,000 after purchasing an additional 496 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Upbound Group by 2.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock worth $691,000 after purchasing an additional 500 shares during the period. Finally, Covestor Ltd raised its position in shares of Upbound Group by 268.8% during 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 during the last quarter. 90.30% of the stock is owned by institutional investors.

Upbound Group Trading Up 0.1 %

Shares of UPBD opened at $34.45 on Friday. The company has a current ratio of 3.66, a quick ratio of 0.86 and a debt-to-equity ratio of 2.02. The stock has a market cap of $1.88 billion, a PE ratio of 23.76 and a beta of 2.01. Upbound Group, Inc. has a 1 year low of $26.50 and a 1 year high of $38.72. The stock has a 50 day simple moving average of $30.74 and a 200-day simple moving average of $31.62.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.04 billion. Upbound Group had a return on equity of 34.15% and a net margin of 1.91%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. On average, sell-side analysts predict that Upbound Group, Inc. will post 3.79 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders 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 dividend on an annualized basis and a yield of 4.30%. Upbound Group’s dividend payout ratio (DPR) is presently 102.07%.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown bought 1,065 shares of Upbound Group stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average cost of $29.25 per share, with a total value of $31,151.25. Following the acquisition, the director now directly owns 85,234 shares of the company’s stock, valued at $2,493,094.50. The trade was a 1.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UPBD. Loop Capital decreased their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group decreased their price objective on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, October 1st. Finally, Stephens started coverage on Upbound Group in a research note on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Upbound Group has a consensus rating of “Moderate Buy” and a consensus target price of $39.17.

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.