Quantinno Capital Management LP Grows Stake in PROG Holdings, Inc $PRG

Quantinno Capital Management LP grew its position in shares of PROG Holdings, Inc (NYSE:PRG) by 79.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,674 shares of the fintech holding company’s stock after purchasing an additional 22,439 shares during the period. Quantinno Capital Management LP’s holdings in PROG were worth $1,454,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after buying an additional 1,483,751 shares in the last quarter. First Trust Advisors LP grew its position in PROG by 588.0% during the first quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock worth $24,100,000 after buying an additional 717,932 shares in the last quarter. UBS Group AG increased its stake in PROG by 102.4% in the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock worth $26,654,000 after acquiring an additional 416,658 shares during the last quarter. LSV Asset Management increased its stake in PROG by 37.7% in the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock worth $34,205,000 after acquiring an additional 317,600 shares during the last quarter. Finally, Millennium Management LLC increased its stake in PROG by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after acquiring an additional 259,630 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PRG shares. B. Riley Financial lifted their price target on PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. TD Cowen upped their price objective on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of PROG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.44.

Insider Activity at PROG

In other PROG news, CAO George M. Sewell sold 2,000 shares of PROG stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $45.53, for a total transaction of $91,060.00. Following the transaction, the chief accounting officer directly owned 28,385 shares of the company’s stock, valued at approximately $1,292,369.05. This trade represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Todd King sold 1,070 shares of PROG stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $46.00, for a total transaction of $49,220.00. Following the transaction, the insider directly owned 60,825 shares in the company, valued at $2,797,950. This trade represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,000 shares of company stock valued at $183,060. 3.72% of the stock is owned by insiders.

PROG Stock Up 3.4%

PRG opened at $42.63 on Friday. The business’s fifty day simple moving average is $42.59 and its 200 day simple moving average is $36.18. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $47.73. The company has a quick ratio of 2.29, a current ratio of 4.03 and a debt-to-equity ratio of 1.10. The stock has a market cap of $1.70 billion, a PE ratio of 11.78 and a beta of 1.79.

PROG (NYSE:PRG) last issued its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The firm had revenue of $719.72 million during the quarter, compared to analyst estimates of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. As a group, research analysts expect that PROG Holdings, Inc will post 4.95 earnings per share for the current fiscal year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Tuesday, August 18th will be given a $0.14 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.56 dividend on an annualized basis and a yield of 1.3%. PROG’s payout ratio is presently 15.47%.

PROG Profile

PROG Holdings, Inc, formerly known as Aaron’s, is a North American provider of lease-to-own and consumer finance solutions. The company operates through two primary segments: Aaron’s Business Solutions and Progressive Financial Services. Through Aaron’s Business Solutions, PROG offers customers access to furniture, electronics, home appliances and technology products via lease ownership arrangements, serving both individual consumers and small businesses.

The Progressive Financial Services segment provides lease-purchase and retail point-of-sale financing programs to customers with limited credit histories.