PROG Holdings, Inc $PRG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its holdings in shares of PROG Holdings, Inc (NYSE:PRG) by 47.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,507 shares of the fintech holding company’s stock after selling 49,592 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in PROG were worth $1,592,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PRG. Quarry LP increased its stake in PROG by 82.8% in the fourth quarter. Quarry LP now owns 1,117 shares of the fintech holding company’s stock valued at $33,000 after purchasing an additional 506 shares during the last quarter. Federation des caisses Desjardins du Quebec acquired a new stake in PROG during the fourth quarter worth approximately $44,000. GAMMA Investing LLC lifted its position 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 lifted its position 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. Finally, Strs Ohio purchased a new stake in shares of PROG during the 1st quarter worth approximately $129,000. 97.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PRG has been the topic of a number of recent analyst reports. Loop Capital downgraded shares of PROG from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Wednesday, July 1st. TD Cowen boosted their price target on shares of PROG from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday. Stephens boosted their price target on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen downgraded shares of PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 14th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 price objective on shares of PROG in a report on Thursday, April 30th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, PROG currently has an average rating of “Moderate Buy” and a consensus target price of $47.36.

PROG Stock Up 2.0%

PRG stock opened at $44.12 on Friday. The company has a fifty day moving average price of $37.96 and a 200 day moving average price of $33.86. PROG Holdings, Inc has a 12 month low of $25.80 and a 12 month high of $47.60. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 12.05 and a beta of 1.78. 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 issued its quarterly earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.46. PROG had a net margin of 5.88% and a return on equity of 21.94%. The firm had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. During the same quarter in the prior year, the business earned $0.90 EPS. PROG’s quarterly revenue was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Sell-side analysts expect that PROG Holdings, Inc will post 4.7 earnings per share 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 dividend of $0.14 per share. The ex-dividend date was Tuesday, May 19th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. PROG’s dividend payout ratio 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.