Clearbridge Investments LLC Has $7.10 Million Holdings in PROG Holdings, Inc $PRG

Clearbridge Investments LLC trimmed its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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’s holdings in PROG were worth $7,098,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PRG. GAMMA Investing LLC boosted its stake in shares of PROG by 45.3% during the 4th quarter. GAMMA Investing LLC now owns 1,806 shares of the fintech holding company’s stock worth $53,000 after buying an additional 563 shares during the last quarter. WealthCollab LLC boosted its stake in shares of PROG by 61.9% during the 2nd 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 boosted its stake in shares of PROG by 15.2% during the 4th 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 acquired a new position in shares of PROG during the 3rd quarter worth about $204,000. Finally, M&T Bank Corp acquired a new position in shares of PROG during the 4th quarter worth about $205,000. 97.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PRG has been the topic of several recent analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Wall Street Zen upgraded PROG from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Weiss Ratings cut PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Zacks Research upgraded PROG from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 19th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $45.00 price objective on shares of PROG in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.70.

PROG Trading Down 1.6%

Shares of PROG stock opened at $36.32 on Thursday. The business has a fifty day simple moving average of $33.00 and a two-hundred day simple moving average of $32.06. PROG Holdings, Inc has a 1 year low of $25.80 and a 1 year high of $41.14. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 9.92 and a beta of 1.82. The company has a debt-to-equity ratio of 1.21, a current ratio of 4.27 and a quick ratio of 2.41.

PROG (NYSE:PRG) last announced 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. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. During the same quarter last year, the firm posted $0.90 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Research analysts forecast that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th were paid a $0.14 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. PROG’s dividend payout ratio is 15.30%.

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.