SG Americas Securities LLC Cuts Stock Holdings in PROG Holdings, Inc $PRG

SG Americas Securities LLC decreased its position in PROG Holdings, Inc (NYSE:PRG) by 73.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,934 shares of the fintech holding company’s stock after selling 29,873 shares during the quarter. SG Americas Securities LLC’s holdings in PROG were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Portolan Capital Management LLC bought a new position in PROG in the 3rd quarter worth about $4,859,000. Wedge Capital Management L L P NC lifted its holdings in shares of PROG by 37.2% in the fourth quarter. Wedge Capital Management L L P NC now owns 132,702 shares of the fintech holding company’s stock worth $3,913,000 after buying an additional 36,013 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of PROG by 28.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 447,192 shares of the fintech holding company’s stock valued at $13,188,000 after acquiring an additional 98,756 shares during the period. Moran Wealth Management LLC boosted its position in shares of PROG by 91.2% in the fourth quarter. Moran Wealth Management LLC now owns 124,321 shares of the fintech holding company’s stock valued at $3,666,000 after acquiring an additional 59,297 shares during the period. Finally, M&T Bank Corp purchased a new position in PROG during the fourth quarter valued at approximately $1,302,000. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Analysts Set New Price Targets

PRG has been the topic of a number of analyst reports. Wall Street Zen lowered shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. Stephens upped their price target on shares of PROG from $40.00 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial reiterated an “outperform” rating and issued a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Wednesday, July 1st. Finally, Weiss Ratings raised PROG from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.36.

PROG Price Performance

PRG stock opened at $44.29 on Friday. The firm has a 50 day simple moving average of $38.13 and a two-hundred day simple moving average of $33.93. The stock has a market cap of $1.77 billion, a PE ratio of 12.10 and a beta of 1.78. PROG Holdings, Inc has a one year low of $25.80 and a one year high of $47.60. 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 posted its quarterly earnings data on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) 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 company had revenue of $742.67 million during the quarter, compared to the consensus estimate of $732.70 million. During the same period in the previous year, the firm posted $0.90 EPS. The firm’s 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, 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 was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 19th were given 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 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.