Bank of America Corp DE Purchases 14,390 Shares of Encore Capital Group Inc $ECPG

Bank of America Corp DE boosted its position in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,948 shares of the asset manager's stock after buying an additional 14,390 shares during the quarter. Bank of America Corp DE owned approximately 0.40% of Encore Capital Group worth $6,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Encore Capital Group by 78.0% in the fourth quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager's stock worth $22,419,000 after purchasing an additional 180,733 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Encore Capital Group by 0.7% in the first quarter. Heartland Advisors Inc. now owns 388,425 shares of the asset manager's stock worth $27,236,000 after buying an additional 2,595 shares during the period. Barclays PLC lifted its stake in shares of Encore Capital Group by 11.8% in the 4th quarter. Barclays PLC now owns 371,916 shares of the asset manager's stock valued at $20,214,000 after acquiring an additional 39,214 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Encore Capital Group by 658.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager's stock valued at $23,421,000 after acquiring an additional 289,964 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Encore Capital Group by 2.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 170,002 shares of the asset manager's stock valued at $9,240,000 after acquiring an additional 3,951 shares during the period.

Insider Buying and Selling at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of the business's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total transaction of $164,160.00. Following the transaction, the insider owned 64,570 shares in the company, valued at $5,299,905.60. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.00% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citizens Jmp boosted their price objective on Encore Capital Group from $108.00 to $115.00 and gave the company a "market outperform" rating in a research report on Wednesday, June 17th. Wall Street Zen cut shares of Encore Capital Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, May 9th. Truist Financial lifted their target price on shares of Encore Capital Group from $105.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Finally, Citigroup reissued a "market outperform" rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, Encore Capital Group has a consensus rating of "Buy" and a consensus target price of $89.75.

Encore Capital Group Stock Performance

Shares of ECPG stock opened at $100.15 on Thursday. The stock has a fifty day moving average of $93.35 and a 200 day moving average of $80.74. Encore Capital Group Inc has a 52 week low of $39.94 and a 52 week high of $104.98. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 7.58 and a beta of 1.27. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 3.87.

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

About Encore Capital Group

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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