PROG Holdings, Inc $PRG Stock Position Lowered by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its position in PROG Holdings, Inc (NYSE:PRG) by 32.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,625 shares of the fintech holding company’s stock after selling 51,300 shares during the quarter. Gamco Investors INC. ET AL’s holdings in PROG were worth $3,088,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PRG. Goldman Sachs Group Inc. raised its position in PROG by 436.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,824,091 shares of the fintech holding company’s stock worth $53,792,000 after acquiring an additional 1,483,751 shares in the last quarter. First Trust Advisors LP boosted its position in shares of PROG by 588.0% during the 1st quarter. First Trust Advisors LP now owns 840,029 shares of the fintech holding company’s stock valued at $24,100,000 after purchasing an additional 717,932 shares in the last quarter. UBS Group AG boosted its position in shares of PROG by 102.4% during the 3rd quarter. UBS Group AG now owns 823,663 shares of the fintech holding company’s stock valued at $26,654,000 after purchasing an additional 416,658 shares in the last quarter. LSV Asset Management boosted its position in shares of PROG by 37.7% during the 4th quarter. LSV Asset Management now owns 1,159,874 shares of the fintech holding company’s stock valued at $34,205,000 after purchasing an additional 317,600 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of PROG by 62.7% in the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock worth $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Institutional investors own 97.92% of the company’s stock.

PROG Trading Down 1.1%

NYSE:PRG opened at $43.23 on Tuesday. The stock has a fifty day simple moving average of $40.36 and a 200 day simple moving average of $35.12. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.81 and a beta of 1.78. PROG Holdings, Inc has a 1-year low of $25.80 and a 1-year high of $47.73. The company has a quick ratio of 2.41, a current ratio of 4.27 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.46. PROG had a return on equity of 21.94% and a net margin of 5.88%.The firm had revenue of $742.67 million for the quarter, compared to the consensus estimate of $732.70 million. During the same quarter in the previous year, the company earned $0.90 EPS. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. Sell-side analysts forecast that PROG Holdings, Inc will post 4.7 earnings per share for the current year.

PROG Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of PROG from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 14th. 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. Raymond James Financial restated an “outperform” rating and issued a $45.00 price target on shares of PROG in a research report on Thursday, April 30th. Stephens upped their price target on PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, B. Riley Financial reiterated a “buy” rating on shares of PROG in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, PROG currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.36.

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.