29,188 Shares in PROG Holdings, Inc $PRG Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in shares of PROG Holdings, Inc (NYSE:PRG) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 29,188 shares of the fintech holding company’s stock, valued at approximately $837,000.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Weiss Ratings upgraded shares of PROG from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. TD Cowen boosted their price objective on shares of PROG from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Wall Street Zen raised shares of PROG from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 1st. B. Riley Financial increased their target price on shares of PROG from $57.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group raised PROG from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $60.00 in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.44.

PROG Trading Down 0.2%

PRG stock opened at $45.79 on Thursday. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $47.73. The company has a current ratio of 4.03, a quick ratio of 2.29 and a debt-to-equity ratio of 1.10. The business’s 50 day moving average is $41.81 and its 200-day moving average is $35.77. The firm has a market cap of $1.83 billion, a P/E ratio of 12.65 and a beta of 1.79.

PROG (NYSE:PRG) last announced its quarterly earnings results on Wednesday, July 29th. The fintech holding company reported $1.19 EPS for the quarter, beating the consensus estimate of $0.95 by $0.24. PROG had a return on equity of 21.88% and a net margin of 5.57%.The business had revenue of $719.72 million for the quarter, compared to analyst estimates of $713.50 million. PROG has set its Q3 2026 guidance at 1.000-1.200 EPS and its FY 2026 guidance at 4.750-5.000 EPS. Equities analysts anticipate that PROG Holdings, Inc will post 4.95 earnings per share for the current fiscal year.

PROG Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 18th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 18th. PROG’s payout ratio is currently 15.47%.

PROG Company 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.