Financial Technology

Robeco Institutional Asset Management B.V. Makes New Investment in PROG Holdings, Inc. (NYSE:PRG)

Robeco Institutional Asset Management B.V. purchased a new position in PROG Holdings, Inc. (NYSE:PRGGet Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,725 shares of the company’s stock, valued at approximately $191,000.

Other large investors have also modified their holdings of the company. CWM LLC grew its position in shares of PROG by 268.3% during the second quarter. CWM LLC now owns 1,779 shares of the company’s stock worth $29,000 after buying an additional 1,296 shares in the last quarter. Castleview Partners LLC increased its position in shares of PROG by 4,101.5% in the 2nd quarter. Castleview Partners LLC now owns 2,731 shares of the company’s stock valued at $318,000 after purchasing an additional 2,666 shares during the last quarter. KBC Group NV acquired a new stake in shares of PROG in the 2nd quarter valued at $83,000. Captrust Financial Advisors lifted its position in shares of PROG by 50.7% during the 2nd quarter. Captrust Financial Advisors now owns 7,531 shares of the company’s stock worth $124,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in shares of PROG by 4,433.2% during the second quarter. Point72 Hong Kong Ltd now owns 10,789 shares of the company’s stock worth $178,000 after purchasing an additional 10,551 shares in the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.

Analysts Set New Price Targets

Separately, KeyCorp cut their price target on PROG from $36.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, October 27th.

PROG Stock Up 0.6 %

PRG stock opened at $19.86 on Friday. The stock has a market cap of $993.60 million, a P/E ratio of 11.22 and a beta of 2.00. The company has a current ratio of 3.32, a quick ratio of 1.50 and a debt-to-equity ratio of 1.04. PROG Holdings, Inc. has a twelve month low of $12.11 and a twelve month high of $44.00. The company’s 50 day moving average is $18.22 and its two-hundred day moving average is $17.94.

PROG (NYSE:PRGGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. PROG had a net margin of 3.82% and a return on equity of 22.42%. The firm had revenue of $625.82 million for the quarter, compared to analyst estimates of $626.04 million. Research analysts expect that PROG Holdings, Inc. will post 2.36 earnings per share for the current fiscal year.

PROG Profile

(Get Rating)

PROG Holdings, Inc (NYSE:PRG) is a financial technology holding company based in Salt Lake City, Utah with three business segments: Progressive Leasing, which offers lease-to-own transactions primarily to credit-challenged consumers through e-commerce and point-of-sale retail partners, via online, mobile, and in-store solutions; Vive Financial, which provides consumers who may not qualify for traditional prime lending with a variety of second-look, revolving credit products through private label and branded credit cards; and Four Technologies, which provides consumers of all credit backgrounds Buy Now, Pay Later (BNPL) options through four interest-free installments via its platform, Four.

Further Reading

Want to see what other hedge funds are holding PRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PROG Holdings, Inc. (NYSE:PRGGet Rating).

Institutional Ownership by Quarter for PROG (NYSE:PRG)

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