Fisher Asset Management LLC Has $5.13 Million Holdings in Upbound Group, Inc. (NASDAQ:UPBD)

Fisher Asset Management LLC cut its holdings in shares of Upbound Group, Inc. (NASDAQ:UPBD) by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,947 shares of the company’s stock after selling 21,394 shares during the period. Fisher Asset Management LLC’s holdings in Upbound Group were worth $5,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC acquired a new position in shares of Upbound Group during the third quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in Upbound Group during the 3rd quarter worth $32,000. Clearstead Advisors LLC bought a new position in Upbound Group in the 3rd quarter valued at $38,000. Bramshill Investments LLC acquired a new stake in shares of Upbound Group in the 3rd quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Upbound Group during the third quarter worth $52,000. 90.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Upbound Group news, Director Jeffrey J. Brown bought 991 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was purchased at an average cost of $30.68 per share, with a total value of $30,403.88. Following the completion of the purchase, the director now owns 83,138 shares in the company, valued at $2,550,673.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Anthony J. Blasquez sold 12,485 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $33.18, for a total transaction of $414,252.30. Following the completion of the sale, the executive vice president now owns 58,967 shares of the company’s stock, valued at $1,956,525.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jeffrey J. Brown acquired 991 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were bought at an average price of $30.68 per share, for a total transaction of $30,403.88. Following the completion of the acquisition, the director now owns 83,138 shares of the company’s stock, valued at $2,550,673.84. The disclosure for this purchase can be found here. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

UPBD has been the topic of several recent research reports. KeyCorp raised their price target on Upbound Group from $39.00 to $41.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. TD Cowen initiated coverage on shares of Upbound Group in a research note on Friday, March 8th. They issued an “outperform” rating and a $43.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Upbound Group currently has a consensus rating of “Buy” and a consensus price target of $38.17.

Upbound Group Price Performance

Upbound Group stock opened at $32.12 on Wednesday. The company has a current ratio of 3.49, a quick ratio of 0.72 and a debt-to-equity ratio of 2.23. The firm has a market capitalization of $1.75 billion, a P/E ratio of -69.83, a PEG ratio of 4.03 and a beta of 1.99. The business has a 50-day moving average of $32.77 and a 200-day moving average of $31.98. Upbound Group, Inc. has a 1 year low of $25.00 and a 1 year high of $36.17.

Upbound Group (NASDAQ:UPBD) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Upbound Group had a negative net margin of 0.61% and a positive return on equity of 33.40%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm earned $0.83 EPS. Upbound Group’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Upbound Group, Inc. will post 3.76 EPS for the current year.

Upbound Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Wednesday, April 3rd were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Tuesday, April 2nd. Upbound Group’s dividend payout ratio is currently -321.74%.

Upbound Group 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.