Encore Capital Group Inc $ECPG Shares Newly Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 88,001 Encore Capital Group shares in the second quarter, valued at approximately $8.21 million and representing about 0.41% of the company.
• Encore reported quarterly EPS of $2.81, exceeding estimates of $2.67, while revenue rose 11.3% year over year to $491.87 million. The company provided fiscal 2026 EPS guidance of $13.00–$14.00.
• Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating, although the $89.75 consensus price target is below its reported $98.41 trading price.

Bank of America Corp DE acquired a new position in Encore Capital Group Inc (NASDAQ:ECPG - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 88,001 shares of the asset manager's stock, valued at approximately $8,210,000. Bank of America Corp DE owned approximately 0.41% of Encore Capital Group as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ECPG. Man Group plc purchased a new position in shares of Encore Capital Group during the second quarter valued at $3,923,000. Jupiter Topco LLC purchased a new position in Encore Capital Group during the 2nd quarter valued at about $1,007,000. Hsbc Holdings PLC purchased a new position in Encore Capital Group during the 2nd quarter valued at about $4,554,000. Legal & General Group Plc bought a new position in Encore Capital Group in the second quarter worth approximately $4,899,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Encore Capital Group during the second quarter worth $776,000.

Encore Capital Group Price Performance

Shares of NASDAQ ECPG opened at $98.41 on Friday. Encore Capital Group Inc has a fifty-two week low of $39.94 and a fifty-two week high of $104.98. The company has a market cap of $2.09 billion, a PE ratio of 7.45 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. The business has a 50-day simple moving average of $97.16 and a two-hundred day simple moving average of $86.16.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $491.87 million for the quarter, compared to the consensus estimate of $455.10 million. During the same quarter in the prior year, the company posted $2.49 earnings per share. The company's revenue for the quarter 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, equities analysts expect that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ECPG has been the topic of a number of analyst reports. Citizens Jmp lifted their price target on Encore Capital Group from $108.00 to $115.00 and gave the company a "market outperform" rating in a report on Wednesday, June 17th. Zacks Research raised Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Weiss Ratings upgraded Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Citigroup reiterated a "market outperform" rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Finally, Truist Financial increased their price target on shares of Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, Encore Capital Group presently has a consensus rating of "Buy" and a consensus target price of $89.75.

Encore Capital Group Profile

Encore Capital Group, Inc is a global specialty finance company that purchases and manages portfolios of charged-off consumer receivables. The company acquires accounts from banks, credit unions, telecommunications providers and other credit issuers, then works with consumers to resolve their outstanding obligations through repayment programs and other account-management solutions.

Encore conducts its consumer debt recovery activities through brands and operating businesses including Midland Credit Management in the United States and Cabot Credit Management in 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.