Upbound Group, Inc. (NASDAQ:UPBD) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,505 shares of the company’s stock after selling 417 shares during the quarter. Sanctuary Advisors LLC’s holdings in Upbound Group were worth $254,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of Upbound Group by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 761,765 shares of the company’s stock worth $23,386,000 after purchasing an additional 15,219 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Upbound Group by 33.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,674 shares of the company’s stock worth $328,000 after buying an additional 2,664 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Upbound Group in the 2nd quarter valued at about $737,000. Victory Capital Management Inc. increased its holdings in Upbound Group by 8.9% during the 2nd quarter. Victory Capital Management Inc. now owns 38,895 shares of the company’s stock valued at $1,194,000 after acquiring an additional 3,178 shares in the last quarter. Finally, Quest Partners LLC raised its position in Upbound Group by 18.3% during the second quarter. Quest Partners LLC now owns 27,766 shares of the company’s stock worth $852,000 after acquiring an additional 4,299 shares during the last quarter. 90.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Upbound Group

In related news, Director Jeffrey J. Brown purchased 1,065 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $29.25 per share, for a total transaction of $31,151.25. Following the acquisition, the director now directly owns 85,234 shares in the company, valued at $2,493,094.50. The trade was a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

UPBD has been the topic of several research reports. TD Cowen upgraded shares of Upbound Group to a “strong-buy” rating in a research report on Friday, November 29th. 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 research note on Tuesday, October 1st. Loop Capital cut their target price on shares of Upbound Group from $36.00 to $33.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Stephens began coverage on shares of Upbound Group in a research note on Wednesday, November 13th. They set an “overweight” rating and a $38.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.17.

Upbound Group Stock Down 2.7 %

Shares of NASDAQ:UPBD opened at $29.20 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 firm has a market cap of $1.60 billion, a price-to-earnings ratio of 20.14 and a beta of 2.03. The stock’s 50-day moving average price is $31.60 and its two-hundred day moving average price is $31.62. Upbound Group, Inc. has a 12-month low of $26.50 and a 12-month high of $38.72.

Upbound Group (NASDAQ:UPBD) last released its earnings results 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. Upbound Group had a net margin of 1.91% and a return on equity of 34.15%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $0.79 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, research analysts forecast that Upbound Group, Inc. will post 3.8 EPS for the current year.

Upbound Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Wednesday, December 18th will be given a $0.39 dividend. This is a positive change from Upbound Group’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend is Wednesday, December 18th. Upbound Group’s dividend payout ratio (DPR) is 107.59%.

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.