Upbound Group, Inc. (NASDAQ:UPBD) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Upbound Group, Inc. (NASDAQ:UPBD) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,539 shares of the company’s stock after buying an additional 1,644 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Upbound Group were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPBD. Wolff Wiese Magana LLC acquired a new stake in shares of Upbound Group in the 3rd quarter worth $29,000. DekaBank Deutsche Girozentrale purchased a new position in Upbound Group during the third quarter worth about $32,000. Clearstead Advisors LLC acquired a new position in Upbound Group in the 3rd quarter valued at about $38,000. Bramshill Investments LLC purchased a new stake in shares of Upbound Group in the 3rd quarter valued at approximately $43,000. Finally, CWM LLC acquired a new stake in shares of Upbound Group during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Upbound Group

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

Upbound Group Trading Up 1.3 %

Shares of NASDAQ UPBD opened at $30.77 on Friday. The company has a current ratio of 3.12, a quick ratio of 0.65 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $1.68 billion, a PE ratio of -256.40, a PEG ratio of 4.14 and a beta of 1.99. Upbound Group, Inc. has a twelve month low of $25.00 and a twelve month high of $36.17. The stock has a fifty day simple moving average of $32.84 and a 200-day simple moving average of $31.88.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Upbound Group had a negative net margin of 0.13% and a positive return on equity of 32.65%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Upbound Group, Inc. will post 3.76 earnings per share for the current year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Wednesday, April 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $1.48 annualized dividend and a dividend yield of 4.81%. Upbound Group’s dividend payout ratio (DPR) is -1,233.23%.

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.