Knights of Columbus Asset Advisors LLC Has $5.25 Million Stock Holdings in PROG Holdings, Inc. (NYSE:PRG)

Knights of Columbus Asset Advisors LLC lifted its stake in shares of PROG Holdings, Inc. (NYSE:PRG) by 198.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,738 shares of the company’s stock after purchasing an additional 112,907 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.38% of PROG worth $5,247,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PRG. Diversified Trust Co lifted its stake in PROG by 6.2% during the fourth quarter. Diversified Trust Co now owns 6,760 shares of the company’s stock worth $209,000 after purchasing an additional 397 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in shares of PROG by 19.0% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 3,572 shares of the company’s stock worth $119,000 after buying an additional 570 shares during the last quarter. Credit Suisse AG boosted its stake in PROG by 1.0% in the third quarter. Credit Suisse AG now owns 62,429 shares of the company’s stock valued at $935,000 after buying an additional 622 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in PROG by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,646 shares of the company’s stock valued at $1,563,000 after acquiring an additional 666 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in PROG during the fourth quarter worth about $27,000. Institutional investors own 97.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Stephens upgraded shares of PROG from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, January 2nd. TD Cowen began 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

PROG Stock Performance

NYSE PRG opened at $32.00 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 10.81 and a beta of 2.08. 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 twelve month low of $24.28 and a twelve month high of $44.81. The stock has a fifty day simple moving average of $32.21 and a 200 day simple moving average of $30.60.

PROG (NYSE:PRG) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.72 EPS for the quarter, beating 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 company had revenue of $577.40 million for the quarter, compared to analyst estimates of $568.35 million. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Sell-side analysts expect that PROG Holdings, Inc. will post 2.83 EPS for the current year.

PROG Announces Dividend

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

PROG 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.