Hsbc Holdings PLC Takes $4.55 Million Position in Encore Capital Group Inc $ECPG

Hsbc Holdings PLC acquired a new stake in shares of Encore Capital Group Inc (NASDAQ:ECPG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,827 shares of the asset manager's stock, valued at approximately $4,554,000. Hsbc Holdings PLC owned approximately 0.23% of Encore Capital Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc lifted its stake in Encore Capital Group by 1,729.6% in the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager's stock worth $27,000 after purchasing an additional 467 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Encore Capital Group by 185.7% during the 4th 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 bought a new position in shares of Encore Capital Group in the first quarter worth $46,000. Allworth Financial LP increased its holdings in shares of Encore Capital Group by 29.1% in the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager's stock worth $62,000 after purchasing an additional 257 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Encore Capital Group by 168.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager's stock worth $105,000 after purchasing an additional 1,706 shares during the period.

Analysts Set New Price Targets

ECPG has been the subject of several research analyst reports. Wall Street Zen lowered Encore Capital Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, May 9th. Zacks Research raised Encore Capital Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Truist Financial lifted their price target on Encore Capital Group from $105.00 to $112.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Citizens Jmp boosted their price objective on Encore Capital Group from $108.00 to $115.00 and gave the stock a "market outperform" rating in a report on Wednesday, June 17th. Finally, Weiss Ratings upgraded shares of Encore Capital Group from a "hold (c)" rating to a "buy (b-)" rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat, Encore Capital Group has a consensus rating of "Buy" and an average price target of $89.75.

Encore Capital Group Stock Performance

NASDAQ ECPG opened at $98.94 on Friday. Encore Capital Group Inc has a 52-week low of $39.94 and a 52-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 company has a market capitalization of $2.10 billion, a P/E ratio of 7.49 and a beta of 1.27. The company has a fifty day moving average of $94.05 and a 200-day moving average of $81.17.

Encore Capital Group (NASDAQ:ECPG - Get Free Report) last released 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 business had revenue of $491.87 million for the quarter, compared to analysts' expectations of $455.10 million. During the same quarter in the prior year, the firm earned $2.49 earnings per share. The firm's revenue 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, equities research analysts predict that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

Insider Activity

In other 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 transaction, the insider directly owned 64,570 shares in the company, valued at approximately $5,299,905.60. This represents a 3.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.00% of the company's stock.

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.

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