Deutsche Bank AG Has $1.03 Million Stake in Encore Capital Group, Inc. (NASDAQ:ECPG)

Deutsche Bank AG raised its holdings in shares of Encore Capital Group, Inc. (NASDAQ:ECPG - Free Report) by 44.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,535 shares of the asset manager's stock after buying an additional 6,619 shares during the period. Deutsche Bank AG owned about 0.09% of Encore Capital Group worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. boosted its position in shares of Encore Capital Group by 120.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 530 shares of the asset manager's stock worth $25,000 after acquiring an additional 290 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Encore Capital Group in the fourth quarter valued at $28,000. Sterling Capital Management LLC increased its stake in Encore Capital Group by 827.2% in the 4th quarter. Sterling Capital Management LLC now owns 751 shares of the asset manager's stock worth $36,000 after buying an additional 670 shares during the period. Huntington National Bank increased its position in Encore Capital Group by 152.5% during the 4th quarter. Huntington National Bank now owns 1,333 shares of the asset manager's stock valued at $64,000 after purchasing an additional 805 shares during the period. Finally, R Squared Ltd purchased a new position in Encore Capital Group during the 4th quarter valued at about $84,000.

Encore Capital Group Stock Performance

Shares of Encore Capital Group stock traded down $0.35 on Friday, reaching $37.98. 268,331 shares of the stock were exchanged, compared to its average volume of 205,371. The firm has a market capitalization of $886.80 million, a PE ratio of -4.84 and a beta of 1.65. Encore Capital Group, Inc. has a 1-year low of $26.45 and a 1-year high of $51.77. The business has a fifty day moving average price of $34.84 and a two-hundred day moving average price of $42.10. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 3.39.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last posted its earnings results on Wednesday, May 7th. The asset manager reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.69. Encore Capital Group had a negative net margin of 13.91% and a positive return on equity of 12.70%. The firm had revenue of $392.78 million during the quarter, compared to the consensus estimate of $374.49 million. During the same period last year, the firm posted $0.95 EPS. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, research analysts anticipate that Encore Capital Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen upgraded shares of Encore Capital Group from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Truist Financial reduced their target price on shares of Encore Capital Group from $64.00 to $57.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Encore Capital Group currently has a consensus rating of "Buy" and an average target price of $62.67.

Insider Buying and Selling

In other news, CEO Ashish Masih acquired 20,000 shares of the company's stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of $35.14 per share, for a total transaction of $702,800.00. Following the completion of the purchase, the chief executive officer now directly owns 322,254 shares of the company's stock, valued at approximately $11,324,005.56. This trade represents a 6.62% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ashwini Gupta purchased 40,000 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of $35.10 per share, with a total value of $1,404,000.00. Following the purchase, the director now owns 96,909 shares of the company's stock, valued at approximately $3,401,505.90. The trade was a 70.29% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.63% of the company's stock.

Encore Capital Group Company Profile

Encore Capital Group, Inc, a specialty finance company, provides debt recovery solutions and other related services for consumers across financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery.