Moran Wealth Management LLC Purchases 35,013 Shares of PROG Holdings, Inc $PRG

Moran Wealth Management LLC raised its position in shares of PROG Holdings, Inc (NYSE:PRG) by 28.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,334 shares of the fintech holding company’s stock after buying an additional 35,013 shares during the period. Moran Wealth Management LLC’s holdings in PROG were worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quarry LP boosted its holdings in shares of PROG by 82.8% in the 4th quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock worth $33,000 after acquiring an additional 506 shares in the last quarter. Federation des caisses Desjardins du Quebec acquired a new stake in PROG during the 4th quarter valued at $44,000. GAMMA Investing LLC raised its position in 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 position in PROG by 61.9% in the 2nd quarter. WealthCollab LLC now owns 2,092 shares of the fintech holding company’s stock valued at $61,000 after purchasing an additional 800 shares during the last quarter. Finally, Strs Ohio bought a new position in PROG in the 1st quarter valued at $129,000. Institutional investors own 97.92% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PRG. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Wednesday. TD Cowen lifted their price target on PROG from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Stephens upped their price target on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Zacks Research lowered shares of PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Raymond James Financial restated an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $44.42.

PROG Trading Down 0.2%

PRG stock opened at $44.05 on Friday. The company has a market cap of $1.77 billion, a P/E ratio of 12.04 and a beta of 1.78. PROG Holdings, Inc has a twelve month low of $25.80 and a twelve month high of $47.60. 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 business has a fifty day moving average of $36.91 and a 200-day moving average of $33.46.

PROG (NYSE:PRG) last posted its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.46. The business had revenue of $742.67 million for 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%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.90 earnings per share. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, equities research analysts expect that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, May 19th. PROG’s dividend payout ratio (DPR) is 15.30%.

PROG Company 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.