36,700 Shares in Upbound Group, Inc. $UPBD Purchased by Summit Global Investments

Summit Global Investments bought a new stake in Upbound Group, Inc. (NASDAQ:UPBD) during the second quarter, HoldingsChannel reports. The fund bought 36,700 shares of the company’s stock, valued at approximately $779,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UPBD. AQR Capital Management LLC lifted its stake in Upbound Group by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 48,276 shares of the company’s stock valued at $1,157,000 after acquiring an additional 6,623 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Upbound Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,891 shares of the company’s stock worth $764,000 after acquiring an additional 1,376 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Upbound Group by 73.0% during the first quarter. Goldman Sachs Group Inc. now owns 532,809 shares of the company’s stock worth $12,766,000 after purchasing an additional 224,811 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Upbound Group by 286.3% during the first quarter. Jane Street Group LLC now owns 86,450 shares of the company’s stock worth $2,071,000 after purchasing an additional 64,073 shares during the last quarter. Finally, Norges Bank acquired a new position in Upbound Group during the second quarter valued at $440,000. Institutional investors and hedge funds own 90.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on UPBD. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Upbound Group in a report on Wednesday, June 24th. Wall Street Zen lowered Upbound Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. TD Cowen decreased their price objective on Upbound Group from $29.00 to $28.00 and set a “buy” rating for the company in a report on Friday, July 31st. Zacks Research downgraded Upbound Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, BTIG Research lowered Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Upbound Group has a consensus rating of “Hold” and an average price target of $30.67.

Insiders Place Their Bets

In other Upbound Group news, Director Jeffrey J. Brown purchased 2,295 shares of Upbound Group stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of $20.09 per share, with a total value of $46,106.55. Following the acquisition, the director owned 96,681 shares of the company’s stock, valued at $1,942,321.29. This trade represents a 2.43% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.20% of the company’s stock.

Upbound Group Stock Down 0.3%

UPBD stock opened at $19.62 on Friday. The firm has a market cap of $1.14 billion, a PE ratio of 12.74 and a beta of 1.79. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.97 and a current ratio of 3.22. The firm’s fifty day moving average is $20.04 and its 200 day moving average is $19.41. Upbound Group, Inc. has a one year low of $15.82 and a one year high of $28.02.

Upbound Group (NASDAQ:UPBD) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. Upbound Group has set its FY 2026 guidance at 4.000-4.350 EPS and its Q3 2026 guidance at 0.850-0.950 EPS. On average, research analysts forecast that Upbound Group, Inc. will post 4.15 EPS for the current year.

Upbound Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Tuesday, June 16th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Tuesday, June 16th. Upbound Group’s payout ratio is currently 101.30%.

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. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories.