Bank of New York Mellon Corp Purchases New Shares in Enova International, Inc. $ENVA

Key Points

• Bank of New York Mellon acquired 159,736 Enova International shares worth approximately $38.45 million, giving it a 0.64% stake. Institutional investors collectively own 89.43% of the company.
• Analyst sentiment remains positive, with a consensus “Buy” rating and an average price target of $247.83; BTIG Research recently raised its target to $270.
• Enova exceeded quarterly expectations, reporting $4.31 in EPS versus $3.99 expected and $928.93 million in revenue, up 21.6% year over year. However, insiders sold more than 81,000 shares worth $16.7 million over the past 90 days.

Bank of New York Mellon Corp acquired a new position in shares of Enova International, Inc. (NYSE:ENVA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 159,736 shares of the credit services provider's stock, valued at approximately $38,453,000. Bank of New York Mellon Corp owned 0.64% of Enova International at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in shares of Enova International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider's stock valued at $96,095,000 after acquiring an additional 18,258 shares during the period. CX Institutional raised its stake in Enova International by 2.7% in the fourth quarter. CX Institutional now owns 72,224 shares of the credit services provider's stock valued at $11,354,000 after purchasing an additional 1,872 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in Enova International by 3.9% in the first quarter. Hillsdale Investment Management Inc. now owns 62,211 shares of the credit services provider's stock valued at $8,450,000 after purchasing an additional 2,351 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in Enova International by 13.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 49,021 shares of the credit services provider's stock worth $7,706,000 after purchasing an additional 5,660 shares during the period. Finally, Informed Momentum Co LLC bought a new stake in Enova International during the fourth quarter worth about $6,243,000. Institutional investors and hedge funds own 89.43% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on ENVA shares. BTIG Research increased their price target on shares of Enova International from $199.00 to $270.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Citigroup restated a "market outperform" rating on shares of Enova International in a research note on Friday, July 24th. Zacks Research raised Enova International from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of Enova International in a research note on Friday, July 17th. Finally, Wall Street Zen cut shares of Enova International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, Enova International currently has a consensus rating of "Buy" and a consensus price target of $247.83.

Enova International Trading Down 1.9%

NYSE:ENVA opened at $232.75 on Friday. The firm has a market cap of $5.80 billion, a P/E ratio of 17.25 and a beta of 1.22. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. Enova International, Inc. has a 52 week low of $103.02 and a 52 week high of $267.45. The firm's fifty day moving average is $241.04 and its 200-day moving average is $185.66.

Enova International (NYSE:ENVA - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 earnings per share for the quarter, beating the consensus estimate of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to analyst estimates of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. Enova International's revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.23 EPS. Equities analysts expect that Enova International, Inc. will post 16.3 earnings per share for the current year.

Insider Transactions at Enova International

In other Enova International news, Director Mark Tebbe sold 20,000 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the transaction, the director owned 50,029 shares in the company, valued at approximately $10,074,339.73. This represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $199.05, for a total transaction of $6,580,593.00. Following the transaction, the chairman owned 306,444 shares of the company's stock, valued at $60,997,678.20. This represents a 9.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 81,112 shares of company stock valued at $16,729,063 over the last ninety days. 8.40% of the stock is owned by company insiders.

Enova International Profile

Enova International, Inc NYSE: ENVA is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.

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