Knights of Columbus Asset Advisors LLC Grows Position in PROG Holdings, Inc. (NYSE:PRG)

Knights of Columbus Asset Advisors LLC increased its holdings in shares of PROG Holdings, Inc. (NYSE:PRG) by 198.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 169,738 shares of the company’s stock after buying an additional 112,907 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in PROG were worth $5,247,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position in PROG by 719.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 178,859 shares of the company’s stock worth $5,529,000 after purchasing an additional 157,024 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PROG by 33.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 145,706 shares of the company’s stock valued at $4,839,000 after buying an additional 36,776 shares during the period. Victory Capital Management Inc. lifted its holdings in PROG by 161.0% in the third quarter. Victory Capital Management Inc. now owns 107,286 shares of the company’s stock valued at $3,563,000 after acquiring an additional 66,185 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in PROG in the third quarter worth approximately $921,000. Finally, Nomura Holdings Inc. increased its stake in PROG by 621.5% during the third quarter. Nomura Holdings Inc. now owns 144,294 shares of the company’s stock worth $4,792,000 after acquiring an additional 124,294 shares during the last quarter. Hedge funds and other institutional investors own 97.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PRG shares. Stephens raised PROG from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. TD Cowen initiated coverage on shares of PROG in a research report on Friday, March 8th. They issued an “outperform” rating and a $37.00 target price on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PROG has an average rating of “Moderate Buy” and a consensus price target of $39.60.

PROG Price Performance

Shares of PRG opened at $32.00 on Friday. The company has a quick ratio of 1.49, a current ratio of 3.66 and a debt-to-equity ratio of 1.00. PROG Holdings, Inc. has a fifty-two week low of $24.28 and a fifty-two week high of $44.81. The company has a market cap of $1.40 billion, a P/E ratio of 10.81 and a beta of 2.08. The firm’s 50 day moving average price is $32.21 and its 200 day moving average price is $30.60.

PROG (NYSE:PRG) last issued its earnings results on Wednesday, February 21st. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. PROG had a net margin of 5.77% and a return on equity of 28.83%. The firm had revenue of $577.40 million during the quarter, compared to the consensus estimate of $568.35 million. During the same quarter in the previous year, the firm posted $0.84 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. On average, research analysts forecast that PROG Holdings, Inc. will post 2.83 earnings per share for the current fiscal year.

PROG Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.12 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.50%. PROG’s dividend payout ratio is presently 16.22%.

PROG Company Profile

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.