Encore Capital Group Inc $ECPG Shares Purchased by Amundi

Key Points

• Amundi increased its Encore Capital Group stake by 3,134.1% in the second quarter, purchasing 294,796 additional shares to hold 304,202 shares worth approximately $28.4 million, or 1.43% of the company.
• Analysts remain broadly bullish, with the stock carrying a consensus “Buy” rating and an average price target of $89.75; several firms recently raised their ratings or price targets.
• Encore reported quarterly EPS of $2.81, beating estimates of $2.67, while revenue rose 11.3% year over year to $491.87 million. Shares opened at $98.56, near their 52-week high of $104.98.

Amundi grew its holdings in shares of Encore Capital Group Inc (NASDAQ:ECPG - Free Report) by 3,134.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 304,202 shares of the asset manager's stock after purchasing an additional 294,796 shares during the quarter. Amundi owned approximately 1.43% of Encore Capital Group worth $28,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. IFP Advisors Inc grew its stake in Encore Capital Group by 1,729.6% during the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager's stock valued at $27,000 after acquiring an additional 467 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Encore Capital Group by 185.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager's stock valued at $39,000 after purchasing an additional 466 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Encore Capital Group in the first quarter valued at approximately $46,000. Allworth Financial LP lifted its position in Encore Capital Group by 29.1% during the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager's stock worth $62,000 after buying an additional 257 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Encore Capital Group during the second quarter worth approximately $89,000.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Citigroup reaffirmed a "market outperform" rating on shares of Encore Capital Group in a research note on Tuesday, August 11th. Truist Financial boosted 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. Weiss Ratings raised shares of Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, August 3rd. Citizens Jmp upped their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a "market outperform" rating in a report on Wednesday, June 17th. Finally, Zacks Research upgraded shares of Encore Capital Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. One 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, the stock presently has an average rating of "Buy" and a consensus price target of $89.75.

Encore Capital Group Trading Up 0.6%

Shares of Encore Capital Group stock opened at $98.56 on Friday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 7.46 and a beta of 1.27. 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 debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average of $95.55 and a 200 day moving average of $83.92.

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

Encore Capital Group Company Profile

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.

Want to see what other hedge funds are holding ECPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Encore Capital Group Inc (NASDAQ:ECPG - Free Report).

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.