Morningstar Investment Management LLC Boosts Holdings in PROG Holdings, Inc $PRG

Morningstar Investment Management LLC increased its position in PROG Holdings, Inc (NYSE:PRG) by 69.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,524 shares of the fintech holding company’s stock after purchasing an additional 28,135 shares during the period. Morningstar Investment Management LLC’s holdings in PROG were worth $1,966,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wedge Capital Management L L P NC lifted its stake 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. SG Americas Securities LLC raised its holdings in PROG by 113.5% in the 4th quarter. SG Americas Securities LLC now owns 40,807 shares of the fintech holding company’s stock worth $1,203,000 after acquiring an additional 21,698 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in PROG by 28.3% in the 4th 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 in the last quarter. Moran Wealth Management LLC boosted its stake in PROG by 91.2% during the 4th quarter. Moran Wealth Management LLC now owns 124,321 shares of the fintech holding company’s stock valued at $3,666,000 after purchasing an additional 59,297 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of PROG in the 4th quarter worth $1,302,000. 97.92% of the stock is currently owned by institutional investors.

PROG Price Performance

Shares of NYSE:PRG opened at $43.55 on Friday. The company has a quick ratio of 2.41, a current ratio of 4.27 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1.75 billion, a PE ratio of 11.90 and a beta of 1.78. The firm’s 50 day moving average price is $40.17 and its 200-day moving average price is $34.99. PROG Holdings, Inc has a twelve month low of $25.80 and a twelve month high of $47.73.

PROG (NYSE:PRG) last announced its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $732.70 million. During the same period in the previous year, the business posted $0.90 earnings per share. The firm’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. Equities research analysts expect that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.56 annualized dividend and a yield of 1.3%. PROG’s payout ratio is currently 15.30%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PRG shares. Loop Capital cut PROG from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, July 1st. Jefferies Financial Group upgraded shares of PROG from a “hold” rating to a “buy” rating and upped their target price for the company from $33.00 to $60.00 in a research note on Wednesday, July 8th. Zacks Research lowered shares of PROG from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Stephens boosted their price objective on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, TD Cowen raised their target price on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Five investment 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

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.