PROG Holdings, Inc $PRG Position Lessened by UBS Group AG

UBS Group AG decreased its stake in PROG Holdings, Inc (NYSE:PRG) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 517,766 shares of the fintech holding company’s stock after selling 305,897 shares during the period. UBS Group AG’s holdings in PROG were worth $15,269,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PRG. Royal Bank of Canada lifted its holdings in shares of PROG by 23.4% in the 1st quarter. Royal Bank of Canada now owns 35,910 shares of the fintech holding company’s stock worth $955,000 after purchasing an additional 6,807 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in PROG by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,363 shares of the fintech holding company’s stock valued at $648,000 after acquiring an additional 1,162 shares in the last quarter. Millennium Management LLC raised its stake in PROG by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after acquiring an additional 259,630 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in PROG by 5.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 313,611 shares of the fintech holding company’s stock valued at $8,342,000 after acquiring an additional 16,126 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in PROG during the 1st quarter valued at $233,000. Institutional investors own 97.92% of the company’s stock.

PROG Stock Down 2.9%

PRG opened at $33.76 on Thursday. PROG Holdings, Inc has a one year low of $25.80 and a one year high of $41.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. The stock’s fifty day moving average is $30.93 and its 200-day moving average is $31.13. The company has a market capitalization of $1.35 billion, a PE ratio of 9.22 and a beta of 1.83.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The company had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. During the same quarter in the previous year, the business earned $0.90 EPS. The company’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. On average, equities analysts predict that PROG Holdings, Inc will post 4.7 EPS for the current fiscal year.

PROG Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. PROG’s payout ratio is currently 15.30%.

Analyst Ratings Changes

PRG has been the topic of several recent analyst reports. Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Stephens lifted their target price on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Zacks Research downgraded PROG from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. TD Cowen lifted their target price on PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen raised PROG from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, PROG currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

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.