PROG Holdings, Inc $PRG Shares Sold by Whetstone Capital Advisors LLC

Whetstone Capital Advisors LLC lowered its holdings in PROG Holdings, Inc (NYSE:PRG) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 182,672 shares of the fintech holding company’s stock after selling 84,969 shares during the quarter. PROG accounts for about 1.7% of Whetstone Capital Advisors LLC’s holdings, making the stock its 15th biggest position. Whetstone Capital Advisors LLC owned about 0.46% of PROG worth $5,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Verition Fund Management LLC lifted its holdings in PROG by 99.2% in the fourth quarter. Verition Fund Management LLC now owns 87,082 shares of the fintech holding company’s stock valued at $2,568,000 after acquiring an additional 43,369 shares during the period. Panagora Asset Management Inc. lifted its holdings in PROG by 78.1% in the fourth quarter. Panagora Asset Management Inc. now owns 177,654 shares of the fintech holding company’s stock valued at $5,239,000 after acquiring an additional 77,898 shares during the period. Mariner LLC acquired a new stake in PROG in the fourth quarter valued at $226,000. Landscape Capital Management L.L.C. acquired a new stake in PROG in the fourth quarter valued at $2,158,000. Finally, Barclays PLC lifted its holdings in PROG by 47.9% in the fourth quarter. Barclays PLC now owns 98,211 shares of the fintech holding company’s stock valued at $2,896,000 after acquiring an additional 31,806 shares during the period. Institutional investors and hedge funds own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PRG. Stephens raised their target price on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of PROG in a research note on Thursday, April 30th. Wall Street Zen downgraded PROG from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Raymond James Financial reaffirmed an “outperform” rating and set a $45.00 price target on shares of PROG in a research note on Thursday, April 30th. Finally, TD Cowen lifted their price target on PROG from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.70.

PROG Trading Down 0.2%

PROG stock opened at $38.44 on Monday. The stock has a market cap of $1.54 billion, a PE ratio of 10.50 and a beta of 1.82. The stock has a 50-day moving average price of $33.37 and a 200 day moving average price of $32.20. PROG Holdings, Inc has a 52 week low of $25.80 and a 52 week high of $41.14. The company has a current ratio of 4.27, a quick ratio of 2.41 and a debt-to-equity ratio of 1.21.

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. The firm had revenue of $742.67 million during the quarter, compared to analysts’ expectations of $732.70 million. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. 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. Equities research analysts predict that PROG Holdings, Inc will post 4.7 earnings per share for the current fiscal year.

PROG Dividend Announcement

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