Clearbridge Investments LLC Sells 21,970 Shares of PROG Holdings, Inc $PRG

Clearbridge Investments LLC trimmed its position in PROG Holdings, Inc (NYSE:PRG) by 8.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 240,704 shares of the fintech holding company’s stock after selling 21,970 shares during the period. Clearbridge Investments LLC owned about 0.61% of PROG worth $7,098,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of PROG by 45.3% in the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock valued at $53,000 after purchasing an additional 563 shares during the last quarter. WealthCollab LLC raised its stake in shares of PROG by 61.9% during the second quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock worth $61,000 after buying an additional 800 shares during the last quarter. CWM LLC raised its stake in shares of PROG by 15.2% during the fourth quarter. CWM LLC now owns 6,057 shares of the fintech holding company’s stock worth $179,000 after buying an additional 799 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of PROG during the third quarter worth approximately $204,000. Finally, M&T Bank Corp bought a new stake in shares of PROG during the fourth quarter worth approximately $205,000. 97.92% of the stock is owned by institutional investors.

PROG Trading Down 1.6%

Shares of NYSE:PRG opened at $36.32 on Thursday. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 9.92 and a beta of 1.82. The company’s fifty day simple moving average is $33.00 and its 200 day simple moving average is $32.06. PROG Holdings, Inc has a 12 month low of $25.80 and a 12 month high of $41.14.

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. The company had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.PROG’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, research analysts forecast that PROG Holdings, Inc will post 4.7 EPS for the current fiscal year.

PROG Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s dividend payout ratio is currently 15.30%.

Analyst Upgrades and Downgrades

A number of analysts have commented on PRG shares. Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 target price on shares of PROG in a report on Thursday, April 30th. TD Cowen lifted their target price on shares of PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Stephens lifted their target price on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Zacks Research raised shares of PROG from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 19th. Finally, B. Riley Financial reissued a “buy” rating on shares of PROG in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, PROG has a consensus rating of “Moderate Buy” and an average price target of $43.70.

PROG 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.