Blue Trust Inc. Has $156,000 Holdings in PROG Holdings, Inc. (NYSE:PRG)

Blue Trust Inc. boosted its stake in PROG Holdings, Inc. (NYSE:PRG) by 38.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,691 shares of the company’s stock after acquiring an additional 1,027 shares during the quarter. Blue Trust Inc.’s holdings in PROG were worth $156,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. acquired a new position in PROG during the third quarter worth $26,000. Financial Management Professionals Inc. acquired a new position in shares of PROG during the third quarter worth approximately $33,000. GAMMA Investing LLC boosted its holdings in PROG by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 805 shares of the company’s stock valued at $39,000 after purchasing an additional 337 shares during the period. Quarry LP increased its stake in PROG by 162.9% during the third quarter. Quarry LP now owns 1,517 shares of the company’s stock valued at $74,000 after acquiring an additional 940 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of PROG in the third quarter valued at $83,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

PROG Trading Up 1.3 %

Shares of NYSE PRG opened at $43.55 on Thursday. PROG Holdings, Inc. has a 1-year low of $27.84 and a 1-year high of $50.28. The company has a current ratio of 4.97, a quick ratio of 2.34 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average of $43.62 and a two-hundred day moving average of $45.00. The company has a market cap of $1.81 billion, a PE ratio of 12.06 and a beta of 2.18.

Insider Buying and Selling

In other news, VP George M. Sewell sold 3,500 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $48.88, for a total transaction of $171,080.00. Following the transaction, the vice president now owns 12,639 shares of the company’s stock, valued at $617,794.32. This represents a 21.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steven A. Michaels sold 27,324 shares of PROG stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $47.19, for a total value of $1,289,419.56. Following the completion of the sale, the chief executive officer now owns 409,209 shares of the company’s stock, valued at approximately $19,310,572.71. The trade was a 6.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,623 shares of company stock worth $5,340,598 in the last quarter. Insiders own 2.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PRG shares. Raymond James raised PROG from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a report on Thursday, October 24th. Stephens reaffirmed an “overweight” rating and set a $60.00 price objective on shares of PROG in a research note on Thursday, January 2nd. Finally, TD Cowen raised shares of PROG to a “strong-buy” rating in a report on Friday, November 29th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PROG currently has an average rating of “Buy” and an average target price of $53.83.

About PROG

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.