Truist Financial Corp decreased its holdings in shares of PROG Holdings, Inc. (NYSE:PRG – Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,500 shares of the company’s stock after selling 391 shares during the period. Truist Financial Corp’s holdings in PROG were worth $294,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Diversified Trust Co increased its holdings in PROG by 6.2% during the fourth quarter. Diversified Trust Co now owns 6,760 shares of the company’s stock valued at $209,000 after buying an additional 397 shares during the period. Blue Trust Inc. purchased a new position in shares of PROG in the 4th quarter valued at $27,000. Acadian Asset Management LLC bought a new position in shares of PROG in the 3rd quarter worth $33,000. Exchange Traded Concepts LLC lifted its stake in shares of PROG by 15.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 12,895 shares of the company’s stock worth $399,000 after purchasing an additional 1,694 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PROG by 27.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,310 shares of the company’s stock valued at $309,000 after purchasing an additional 2,020 shares in the last quarter. Institutional investors own 97.92% of the company’s stock.
PROG Price Performance
Shares of NYSE PRG opened at $35.52 on Tuesday. PROG Holdings, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $44.81. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.83 and a current ratio of 3.91. The company has a market cap of $1.53 billion, a PE ratio of 14.50 and a beta of 2.06. The business has a 50-day simple moving average of $33.63 and a two-hundred day simple moving average of $31.39.
PROG (NYSE:PRG – Get Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. PROG had a net margin of 4.71% and a return on equity of 26.67%. The company had revenue of $641.87 million during the quarter, compared to analysts’ expectations of $632.24 million. As a group, equities analysts expect that PROG Holdings, Inc. will post 3 EPS for the current fiscal year.
PROG Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, May 24th. PROG’s payout ratio is 19.59%.
Analyst Ratings Changes
PRG has been the subject of several analyst reports. Loop Capital increased their price target on shares of PROG from $31.00 to $35.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. TD Cowen increased their target price on shares of PROG from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, PROG presently has a consensus rating of “Moderate Buy” and an average price target of $39.60.
View Our Latest Stock Report on PROG
PROG Company Profile
PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.
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Source: defenseworld.net
