Legato Capital Management LLC Cuts Stake in PROG Holdings, Inc $PRG

Posted by Brian Himes on May 27th, 2026

Legato Capital Management LLC trimmed its position in shares of PROG Holdings, Inc (NYSE:PRG – Free Report) by 53.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 22,728 shares of the fintech holding company’s stock after selling 25,723 shares during the quarter. Legato Capital Management LLC’s holdings in PROG were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PRG. First Trust Advisors LP grew its position in PROG by 451.1% during the 3rd quarter. First Trust Advisors LP now owns 702,781 shares of the fintech holding company’s stock valued at $22,742,000 after purchasing an additional 575,255 shares during the last quarter. LSV Asset Management grew its position in PROG by 172.0% during the 3rd quarter. LSV Asset Management now owns 842,274 shares of the fintech holding company’s stock valued at $27,256,000 after purchasing an additional 532,593 shares during the last quarter. UBS Group AG grew its position in 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 during the last quarter. Millennium Management LLC grew its position in PROG by 62.7% during the 1st quarter. Millennium Management LLC now owns 673,405 shares of the fintech holding company’s stock valued at $17,913,000 after purchasing an additional 259,630 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in PROG by 18.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,187,509 shares of the fintech holding company’s stock valued at $38,428,000 after purchasing an additional 188,835 shares during the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.

PROG Price Performance

PRG opened at $35.03 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.41 and a current ratio of 4.27. The stock has a market capitalization of $1.40 billion, a P/E ratio of 9.57 and a beta of 1.83. The company’s 50-day simple moving average is $31.32 and its two-hundred day simple moving average is $31.38. PROG Holdings, Inc has a 52-week low of $25.80 and a 52-week high of $41.14.

PROG (NYSE:PRG – Get Free Report) last posted its earnings results on Wednesday, April 29th. The fintech holding company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.46. The business had revenue of $742.67 million for the quarter, compared to analysts’ expectations of $732.70 million. PROG had a net margin of 5.88% and a return on equity of 21.94%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 EPS. PROG has set its Q2 2026 guidance at 1.050-1.050 EPS. As a group, analysts predict that PROG Holdings, Inc will post 4.7 EPS for the current year.

PROG Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, May 19th. This represents a $0.56 annualized dividend and a yield of 1.6%. PROG’s dividend payout ratio is currently 15.30%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PRG. Raymond James Financial reissued an “outperform” rating and set a $45.00 price objective on shares of PROG in a research report on Thursday, April 30th. Stephens upped their target price on shares of PROG from $40.00 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, April 30th. B. Riley Financial restated a “buy” rating on shares of PROG in a research note on Thursday, April 30th. TD Cowen upped their target price on shares of PROG from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of PROG from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, PROG currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

Check Out Our Latest Research Report on PROG

PROG Profile

(Free Report)

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.

Legato Capital Management LLC Cuts Stake in PROG Holdings, Inc $PRG

PROG Price Performance

PROG Dividend Announcement

Wall Street Analysts Forecast Growth

PROG Profile

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