Vanguard Discloses 15.6% Stake in Upbound Group Inc.

TL;DR

**Vanguard still owns 15.6% of Upbound Group, a big vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Upbound Group Inc. As of December 29, 2023, Vanguard holds 7,725,501 shares of Upbound Group's Common Stock, representing 15.6% of the company. This filing indicates a significant passive investment by Vanguard, signaling their continued confidence in Upbound Group's long-term prospects, which could reassure current and potential investors.

Why It Matters

Vanguard's substantial and continued ownership stake in Upbound Group Inc. suggests a vote of confidence from a major institutional investor, which can positively influence market perception and investor sentiment.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive institutional ownership, which generally reduces volatility and provides a foundation of support for the stock.

Analyst Insight

A smart investor would view Vanguard's substantial, passive stake as a positive signal, suggesting long-term stability and potential for continued growth, and might consider holding or initiating a position in Upbound Group Inc. based on this institutional confidence.

Key Numbers

• 7,725,501 — Shares Owned (The number of Common Stock shares of Upbound Group Inc. beneficially owned by The Vanguard Group.)
• 15.6% — Ownership Percentage (The percentage of Upbound Group Inc.'s Common Stock owned by The Vanguard Group, indicating a significant stake.)
• December 29, 2023 — Reporting Date (The specific date as of which Vanguard's ownership stake is being reported.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Upbound Group Inc. (company) — issuer of the securities
• 7,725,501 (dollar_amount) — number of shares of Common Stock beneficially owned by Vanguard
• 15.6% (dollar_amount) — percentage of class beneficially owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive ownership stake in Upbound Group Inc. (The Vanguard Group) — high confidence, target: December 29, 2024
• Upbound Group Inc. stock will experience continued institutional investor interest due to Vanguard's large stake. (Upbound Group Inc.) — medium confidence, target: June 30, 2024

FAQ

Filing Documents

• tv02171-upboundgroupinc.htm (SC 13G/A) — 11KB
• 0001104659-24-022193.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Upbound Group Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 5501 Headquarters Drive Plano, TX 75024

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 76009N100

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR