Bank of New York Mellon Corp Acquires Shares of 125,027 Encore Capital Group Inc $ECPG

Key Points

• Bank of New York Mellon acquired 125,027 shares of Encore Capital Group in the second quarter, worth approximately $11.7 million and representing about 0.58% of the company.
• Encore reported quarterly earnings of $2.81 per share, exceeding estimates of $2.67, while revenue rose 11.3% year over year to $491.9 million. The company issued fiscal 2026 EPS guidance of $13.00–$14.00.
• Analyst sentiment remains favorable, with the stock holding an average “Buy” rating; Truist Financial also raised its price target to $112. Shares recently opened at $93.01, below the 52-week high of $104.98.

Bank of New York Mellon Corp bought a new position in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 125,027 shares of the asset manager's stock, valued at approximately $11,664,000. Bank of New York Mellon Corp owned approximately 0.58% of Encore Capital Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Encore Capital Group by 97.9% in the first quarter. Royal Bank of Canada now owns 33,620 shares of the asset manager's stock worth $1,153,000 after purchasing an additional 16,634 shares in the last quarter. AQR Capital Management LLC lifted its position in Encore Capital Group by 263.0% during the first quarter. AQR Capital Management LLC now owns 68,860 shares of the asset manager's stock valued at $2,361,000 after buying an additional 49,892 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Encore Capital Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,929 shares of the asset manager's stock valued at $477,000 after buying an additional 612 shares in the last quarter. Empowered Funds LLC grew its position in shares of Encore Capital Group by 2.0% in the 1st quarter. Empowered Funds LLC now owns 90,910 shares of the asset manager's stock worth $3,116,000 after buying an additional 1,806 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Encore Capital Group by 7.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,465 shares of the asset manager's stock worth $2,690,000 after buying an additional 5,672 shares during the period.

Encore Capital Group Price Performance

Shares of NASDAQ:ECPG opened at $93.01 on Wednesday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 7.04 and a beta of 1.27. The business has a 50-day simple moving average of $94.45 and a two-hundred day simple moving average of $81.86. Encore Capital Group Inc has a fifty-two week low of $39.94 and a fifty-two week high of $104.98.

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

Insiders Place Their Bets

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the company's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the sale, the insider owned 64,570 shares in the company, valued at $5,299,905.60. This represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ECPG shares. 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. Zacks Research raised Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Wall Street Zen downgraded Encore Capital Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 9th. Citigroup reaffirmed a "market outperform" rating on shares of Encore Capital Group in a research report on Tuesday, August 11th. Finally, Truist Financial lifted their price objective on Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $89.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source