PROG Holdings, Inc $PRG Shares Sold by UBS Group AG

UBS Group AG lowered its stake in PROG Holdings, Inc (NYSE:PRG) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 517,766 shares of the fintech holding company’s stock after selling 305,897 shares during the quarter. UBS Group AG owned about 1.31% of PROG worth $15,269,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PRG. GAMMA Investing LLC boosted its holdings in PROG by 45.3% in the fourth 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 boosted its holdings in PROG by 61.9% in the second 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. CWM LLC boosted its holdings in PROG by 85.1% in the third quarter. CWM LLC now owns 5,258 shares of the fintech holding company’s stock valued at $170,000 after purchasing an additional 2,417 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in PROG in the third quarter valued at about $204,000. Finally, Stephens Inc. AR purchased a new position in PROG in the third quarter valued at about $208,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

Analyst Ratings Changes

PRG has been the subject of a number of analyst reports. Raymond James Financial reissued an “outperform” rating and issued a $45.00 price target on shares of PROG in a report on Thursday, April 30th. Zacks Research downgraded PROG from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a report on Thursday, April 30th. TD Cowen increased their target price on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, PROG currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

PROG Trading Down 2.9%

NYSE:PRG opened at $33.76 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 business’s 50 day moving average is $30.93 and its two-hundred day moving average is $31.13. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $41.14. The company has a market cap of $1.35 billion, a PE ratio of 9.22 and a beta of 1.83.

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, topping the consensus estimate of $0.78 by $0.46. The business had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The business’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. On average, analysts predict 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 will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 19th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. PROG’s dividend payout ratio (DPR) is 15.30%.

About PROG

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.