Segall Bryant & Hamill LLC Sells 4,916 Shares of Upbound Group, Inc. (NASDAQ:UPBD)

Segall Bryant & Hamill LLC reduced its holdings in Upbound Group, Inc. (NASDAQ:UPBD) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,895 shares of the company’s stock after selling 4,916 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Upbound Group were worth $2,856,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Upbound Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 6,781,075 shares of the company’s stock valued at $197,804,000 after purchasing an additional 113,212 shares during the period. State Street Corp increased its position in shares of Upbound Group by 2.2% during the third quarter. State Street Corp now owns 2,028,224 shares of the company’s stock worth $64,883,000 after acquiring an additional 43,814 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Upbound Group by 4.7% during the third quarter. Geode Capital Management LLC now owns 1,217,880 shares of the company’s stock worth $38,968,000 after acquiring an additional 54,427 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Upbound Group by 6.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 974,186 shares of the company’s stock valued at $28,417,000 after acquiring an additional 60,139 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Upbound Group by 7.4% in the 4th quarter. Bank of New York Mellon Corp now owns 797,478 shares of the company’s stock valued at $23,262,000 after acquiring an additional 54,771 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.

Upbound Group Trading Down 1.6 %

Shares of NASDAQ:UPBD opened at $24.42 on Friday. The company’s 50-day moving average price is $27.35 and its two-hundred day moving average price is $29.60. Upbound Group, Inc. has a one year low of $23.35 and a one year high of $38.72. The company has a debt-to-equity ratio of 2.08, a current ratio of 3.66 and a quick ratio of 0.86. The stock has a market capitalization of $1.40 billion, a PE ratio of 11.05 and a beta of 2.01.

Upbound Group (NASDAQ:UPBD) last released its earnings results on Thursday, February 20th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Upbound Group had a return on equity of 35.47% and a net margin of 2.86%. On average, equities analysts forecast that Upbound Group, Inc. will post 4.28 EPS for the current fiscal year.

Upbound Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Wednesday, April 2nd will be paid a $0.39 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $1.56 annualized dividend and a dividend yield of 6.39%. Upbound Group’s dividend payout ratio is presently 70.59%.

Analyst Ratings Changes

UPBD has been the subject of a number of research reports. TD Cowen raised Upbound Group to a “strong-buy” rating in a research note on Friday, November 29th. Loop Capital decreased their price objective on Upbound Group from $33.00 to $30.00 and set a “hold” rating for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Upbound Group currently has an average rating of “Moderate Buy” and an average price target of $37.00.

Insider Buying and Selling

In other news, Director Jeffrey J. Brown bought 1,146 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $29.01 per share, for a total transaction of $33,245.46. Following the purchase, the director now owns 86,380 shares of the company’s stock, valued at approximately $2,505,883.80. This trade represents a 1.34 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Fahmi Karam purchased 11,500 shares of the stock in a transaction on Monday, March 10th. The shares were acquired at an average cost of $25.82 per share, for a total transaction of $296,930.00. Following the transaction, the chief financial officer now owns 164,672 shares of the company’s stock, valued at approximately $4,251,831.04. The trade was a 7.51 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.70% of the stock is owned by corporate insiders.

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.