New Age Alpha Advisors LLC Buys 72,299 Shares of PROG Holdings, Inc $PRG

New Age Alpha Advisors LLC raised its stake in shares of PROG Holdings, Inc (NYSE:PRG) by 6,080.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,488 shares of the fintech holding company’s stock after purchasing an additional 72,299 shares during the period. New Age Alpha Advisors LLC owned 0.19% of PROG worth $2,167,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its position in PROG by 142.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 62,609 shares of the fintech holding company’s stock worth $1,926,000 after purchasing an additional 36,788 shares during the last quarter. JPMorgan Chase & Co. raised its position in PROG by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 485,574 shares of the fintech holding company’s stock worth $15,713,000 after purchasing an additional 33,961 shares during the last quarter. Denali Advisors LLC bought a new position in PROG during the 3rd quarter worth $2,686,000. Portolan Capital Management LLC bought a new position in PROG during the 3rd quarter worth $4,859,000. Finally, Wedge Capital Management L L P NC raised its position in PROG by 37.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 132,702 shares of the fintech holding company’s stock worth $3,913,000 after purchasing an additional 36,013 shares during the last quarter. 97.92% of the stock is owned by institutional investors.

PROG Stock Performance

PRG stock opened at $35.03 on Wednesday. The stock has a 50-day moving average price of $31.32 and a 200-day moving average price of $31.38. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $41.14. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.40 billion, a PE ratio of 9.57 and a beta of 1.83.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm had revenue of $742.67 million during the quarter, compared to analyst estimates of $732.70 million. During the same period last year, the company posted $0.90 EPS. The business’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, equities research analysts expect that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. PROG’s dividend payout ratio (DPR) is currently 15.30%.

Wall Street Analyst Weigh In

PRG has been the subject of several research analyst reports. Wall Street Zen raised PROG from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. B. Riley Financial reissued a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Weiss Ratings lowered PROG from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Finally, TD Cowen lifted their price objective on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.70.

PROG Company 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.