52,517 Shares in Encore Capital Group Inc $ECPG Purchased by Legal & General Group Plc

Key Points

• Legal & General Group Plc purchased 52,517 shares of Encore Capital Group, valued at approximately $4.9 million, giving it a 0.25% stake. Several other institutional investors also initiated positions during the second quarter.
• Analyst sentiment is broadly positive, with Encore receiving an average “Buy” rating and a consensus price target of $89.75; Truist Financial raised its target to $112.
• Encore exceeded quarterly expectations with EPS of $2.81 versus the $2.67 consensus and revenue of $491.87 million, up 11.3% year over year. The company guided to fiscal 2026 EPS of $13.00–$14.00.

Legal & General Group Plc bought a new stake in shares of Encore Capital Group Inc (NASDAQ:ECPG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 52,517 shares of the asset manager's stock, valued at approximately $4,899,000. Legal & General Group Plc owned approximately 0.25% of Encore Capital Group at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company acquired a new stake in Encore Capital Group during the 2nd quarter valued at $776,000. L2 Asset Management LLC acquired a new stake in shares of Encore Capital Group during the second quarter valued at $274,000. Cibc World Market Inc. purchased a new stake in Encore Capital Group during the 2nd quarter worth about $835,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Encore Capital Group in the 2nd quarter valued at about $5,565,000. Finally, Globeflex Capital L P purchased a new position in Encore Capital Group in the 2nd quarter valued at about $8,792,000.

Wall Street Analysts Forecast Growth

ECPG has been the subject of a number of recent research reports. Citigroup reiterated a "market outperform" rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Weiss Ratings raised shares of Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Wall Street Zen downgraded Encore Capital Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 9th. Truist Financial raised their price objective on Encore Capital Group from $105.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Zacks Research raised Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. Based on data from MarketBeat, Encore Capital Group currently has an average rating of "Buy" and an average price target of $89.75.

Encore Capital Group Price Performance

ECPG opened at $96.93 on Friday. Encore Capital Group Inc has a 1 year low of $39.94 and a 1 year high of $104.98. The company's 50 day simple moving average is $94.83 and its 200 day simple moving average is $82.42. The stock has a market capitalization of $2.06 billion, a PE ratio of 7.34 and a beta of 1.27. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, topping the consensus estimate of $2.67 by $0.14. The firm had revenue of $491.87 million during the quarter, compared to analyst estimates of $455.10 million. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. Encore Capital Group's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, sell-side analysts expect that Encore Capital Group Inc will post 13.52 EPS for the current year.

Insider Activity at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the transaction, the insider directly owned 64,570 shares of the company's stock, valued at approximately $5,299,905.60. This trade represents a 3.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

Encore Capital Group Profile

Encore Capital Group, Inc is a global specialty finance company that focuses on the purchase and management of nonperforming consumer receivables. Through its subsidiaries, the company acquires charged-off debt portfolios from credit card issuers, banks, and other financial institutions, and seeks to recover outstanding balances through a combination of customer outreach, payment arrangements, and, where appropriate, legal collection efforts. Encore's business model emphasizes compliance with regulatory and industry standards to ensure ethical and transparent debt-recovery practices.

Headquartered in San Diego, California, Encore operates across North America and Europe.

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