Segall Bryant & Hamill LLC Sells 4,916 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Segall Bryant & Hamill LLC cut its stake in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,895 shares of the company’s stock after selling 4,916 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.18% of Upbound Group worth $2,856,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in Upbound Group during the 4th quarter valued at about $25,000. Blue Trust Inc. increased its holdings in shares of Upbound Group by 45.0% during the fourth quarter. Blue Trust Inc. now owns 2,271 shares of the company’s stock worth $73,000 after buying an additional 705 shares in the last quarter. Quarry LP boosted its holdings in shares of Upbound Group by 374.3% in the 3rd quarter. Quarry LP now owns 3,282 shares of the company’s stock worth $105,000 after acquiring an additional 2,590 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Upbound Group by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,785 shares of the company’s stock worth $110,000 after acquiring an additional 429 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in Upbound Group during the 4th quarter valued at $174,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UPBD shares. Loop Capital reduced their price objective on Upbound Group from $33.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. TD Cowen raised shares of Upbound Group to a “strong-buy” rating in a report on Friday, November 29th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.00.

Upbound Group Trading Down 1.6 %

UPBD stock opened at $24.42 on Friday. The business has a fifty day moving average of $27.35 and a 200-day moving average of $29.60. The company has a market cap of $1.40 billion, a P/E ratio of 11.05 and a beta of 2.01. Upbound Group, Inc. has a twelve month low of $23.35 and a twelve 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 2.08.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.02. Upbound Group had a net margin of 2.86% and a return on equity of 35.47%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts expect that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Wednesday, April 2nd will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date is Wednesday, April 2nd. Upbound Group’s dividend payout ratio is presently 70.59%.

Insider Buying and Selling at Upbound Group

In related news, Director Jeffrey J. Brown acquired 1,146 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $29.01 per share, with a total value of $33,245.46. Following the completion of the purchase, the director now directly owns 86,380 shares in the company, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fahmi Karam bought 11,500 shares of the business’s stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the purchase, the chief financial officer now directly owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. This trade represents a 7.51 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.70% of the company’s stock.

About Upbound Group

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.