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

Quantbot Technologies LP purchased a new stake in Upbound Group, Inc. (NASDAQ:UPBD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,177 shares of the company’s stock, valued at approximately $2,117,000. Quantbot Technologies LP owned approximately 0.12% of Upbound Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of UPBD. Blue Trust Inc. raised its position in shares of Upbound Group by 47.9% during the second quarter. Blue Trust Inc. now owns 1,118 shares of the company’s stock worth $34,000 after purchasing an additional 362 shares during the period. New York State Teachers Retirement System raised its holdings in Upbound Group by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 80,578 shares of the company’s stock worth $2,578,000 after buying an additional 393 shares during the period. Amalgamated Bank lifted its stake in Upbound Group by 3.5% during the third quarter. Amalgamated Bank now owns 14,491 shares of the company’s stock valued at $464,000 after buying an additional 496 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Upbound Group by 2.3% in the second quarter. Louisiana State Employees Retirement System now owns 22,500 shares of the company’s stock worth $691,000 after buying an additional 500 shares during the period. Finally, 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 worth $37,000 after acquiring an additional 828 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown acquired 1,065 shares of Upbound Group stock in a transaction that occurred on Tuesday, October 22nd. The stock was acquired at an average price of $29.25 per share, with a total value of $31,151.25. Following the purchase, the director now owns 85,234 shares in the company, valued at approximately $2,493,094.50. This trade represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UPBD shares. Stephens started coverage on shares of Upbound Group in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $38.00 price target for the company. Loop Capital decreased their target price on Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Finally, Jefferies Financial Group dropped their price target on Upbound Group from $37.00 to $35.00 and set a “hold” rating on the stock in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.17.

Upbound Group Trading Up 0.1 %

Shares of NASDAQ:UPBD opened at $34.45 on Friday. Upbound Group, Inc. has a 12-month low of $26.50 and a 12-month high of $38.72. The company has a quick ratio of 0.86, a current ratio of 3.66 and a debt-to-equity ratio of 2.02. The firm has a market capitalization of $1.88 billion, a P/E ratio of 23.76 and a beta of 2.01. The firm has a fifty day moving average of $30.74 and a two-hundred day moving average of $31.62.

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

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Tuesday, October 1st. Upbound Group’s dividend payout ratio (DPR) is presently 102.07%.

Upbound Group Company 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.