Blue Trust Inc. Has $32,000 Position in Upbound Group, Inc. $UPBD

Blue Trust Inc. lowered its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 27.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,292 shares of the company’s stock after selling 492 shares during the quarter. Blue Trust Inc.’s holdings in Upbound Group were worth $32,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Upbound Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 7,025,821 shares of the company’s stock valued at $168,339,000 after purchasing an additional 244,746 shares during the period. LSV Asset Management boosted its holdings in Upbound Group by 7.3% during the 1st quarter. LSV Asset Management now owns 1,689,151 shares of the company’s stock worth $40,472,000 after acquiring an additional 114,328 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Upbound Group by 8.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,051,636 shares of the company’s stock worth $25,197,000 after acquiring an additional 77,450 shares during the last quarter. Huber Capital Management LLC boosted its holdings in Upbound Group by 10.9% during the 1st quarter. Huber Capital Management LLC now owns 949,055 shares of the company’s stock worth $22,739,000 after acquiring an additional 92,908 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Upbound Group by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 802,481 shares of the company’s stock worth $19,227,000 after acquiring an additional 2,724 shares during the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Trading Up 0.5%

Shares of Upbound Group stock opened at $21.76 on Friday. Upbound Group, Inc. has a 52-week low of $19.65 and a 52-week high of $36.00. The stock’s 50-day simple moving average is $24.09 and its 200 day simple moving average is $23.78. The stock has a market capitalization of $1.26 billion, a P/E ratio of 12.22 and a beta of 1.77. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.83 and a current ratio of 3.11.

Upbound Group (NASDAQ:UPBD) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.07. Upbound Group had a return on equity of 36.26% and a net margin of 2.28%.The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the business posted $1.04 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Upbound Group has set its FY 2025 guidance at 4.050-4.40 EPS. Q3 2025 guidance at 0.950-1.05 EPS. As a group, research analysts anticipate that Upbound Group, Inc. will post 4.28 EPS for the current year.

Upbound Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, September 30th. Upbound Group’s payout ratio is currently 87.64%.

Analyst Upgrades and Downgrades

UPBD has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Loop Capital upgraded Upbound Group from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, September 15th. BTIG Research reiterated a “buy” rating and set a $40.00 target price on shares of Upbound Group in a research note on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Upbound Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Upbound Group currently has a consensus rating of “Buy” and a consensus price target of $37.25.

Insider Transactions at Upbound Group

In related news, EVP Ralph T. Montrone sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the sale, the executive vice president directly owned 49,123 shares in the company, valued at approximately $1,239,373.29. The trade was a 10.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

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.