39,836 Shares in Upbound Group, Inc. $UPBD Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC purchased a new stake in Upbound Group, Inc. (NASDAQ:UPBD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 39,836 shares of the company’s stock, valued at approximately $838,000.

Several other large investors also recently modified their holdings of UPBD. The Manufacturers Life Insurance Company lifted its position in shares of Upbound Group by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,705 shares of the company’s stock valued at $645,000 after acquiring an additional 482 shares during the period. GAMMA Investing LLC raised its holdings in shares of Upbound Group by 18.2% during the second quarter. GAMMA Investing LLC now owns 3,360 shares of the company’s stock valued at $71,000 after purchasing an additional 518 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Upbound Group by 18.7% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,400 shares of the company’s stock worth $60,000 after purchasing an additional 535 shares in the last quarter. LPL Financial LLC increased its position in Upbound Group by 1.5% in the 4th quarter. LPL Financial LLC now owns 46,341 shares of the company’s stock valued at $814,000 after buying an additional 673 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Upbound Group by 1.3% during the 3rd quarter. Alliancebernstein L.P. now owns 72,428 shares of the company’s stock worth $1,711,000 after buying an additional 900 shares during the period. Institutional investors and hedge funds own 90.30% of the company’s stock.

Analysts Set New Price Targets

UPBD has been the topic of a number of research reports. Weiss Ratings raised Upbound Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. BTIG Research lowered shares of Upbound Group from a “buy” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a research note on Friday, July 31st. Wall Street Zen lowered shares of Upbound Group from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research downgraded Upbound Group from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, TD Cowen dropped their target price on Upbound Group from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $30.67.

Insider Activity at Upbound Group

In other Upbound Group news, Director Jeffrey J. Brown purchased 2,295 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of $20.09 per share, with a total value of $46,106.55. Following the completion of the transaction, the director owned 96,681 shares of the company’s stock, valued at $1,942,321.29. The trade was a 2.43% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Anthony J. Blasquez sold 10,000 shares of Upbound Group stock in a transaction on Friday, August 21st. The stock was sold at an average price of $18.85, for a total value of $188,500.00. Following the sale, the executive vice president owned 43,717 shares in the company, valued at $824,065.45. This trade represents a 18.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.20% of the company’s stock.

Upbound Group Stock Up 0.7%

Upbound Group stock opened at $18.42 on Wednesday. Upbound Group, Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $28.02. 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 50-day simple moving average is $20.17 and its 200 day simple moving average is $19.35. The stock has a market cap of $1.07 billion, a PE ratio of 11.96 and a beta of 1.77.

Upbound Group (NASDAQ:UPBD) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. Upbound Group had a net margin of 1.90% and a return on equity of 34.53%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. 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. Research analysts predict that Upbound Group, Inc. will post 4.15 EPS for the current fiscal year.

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.