Deutsche Bank AG Purchases 53,922 Shares of PRA Group, Inc. $PRAA

Key Points

• Deutsche Bank AG has increased its stake in PRA Group, Inc. by 156.1%, owning about 88,460 shares valued at approximately $1.82 million.
• Analysts have given PRA Group an average rating of Buy with a consensus price target of $27.50, indicating positive expectations for the stock's performance.
• PRA Group reported earnings per share of $1.08, exceeding analysts' estimates of $0.62, alongside revenue of $287.69 million for the most recent quarter.

Deutsche Bank AG lifted its position in PRA Group, Inc. (NASDAQ:PRAA - Free Report) by 156.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,460 shares of the business services provider's stock after buying an additional 53,922 shares during the quarter. Deutsche Bank AG owned about 0.22% of PRA Group worth $1,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of PRA Group by 0.5% in the first quarter. Vanguard Group Inc. now owns 4,322,609 shares of the business services provider's stock valued at $89,132,000 after buying an additional 21,934 shares in the last quarter. Blair William & Co. IL grew its stake in shares of PRA Group by 3.3% in the first quarter. Blair William & Co. IL now owns 175,749 shares of the business services provider's stock valued at $3,624,000 after buying an additional 5,610 shares in the last quarter. XTX Topco Ltd bought a new position in PRA Group during the first quarter worth $504,000. GSA Capital Partners LLP bought a new position in PRA Group during the first quarter worth $1,081,000. Finally, Knights of Columbus Asset Advisors LLC boosted its position in PRA Group by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 76,125 shares of the business services provider's stock worth $1,570,000 after purchasing an additional 2,012 shares during the period. 97.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PRAA shares. JMP Securities set a $24.00 target price on shares of PRA Group and gave the company a "market outperform" rating in a research report on Tuesday, August 5th. Wall Street Zen raised PRA Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Citigroup reaffirmed an "outperform" rating on shares of PRA Group in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $27.50.

PRA Group Trading Down 1.0%

NASDAQ PRAA traded down $0.18 during trading on Wednesday, hitting $16.96. 17,838 shares of the company's stock were exchanged, compared to its average volume of 382,250. The company has a market cap of $662.73 million, a PE ratio of 7.29 and a beta of 1.54. PRA Group, Inc. has a fifty-two week low of $12.91 and a fifty-two week high of $25.43. The stock's 50 day moving average price is $15.71 and its two-hundred day moving average price is $17.22.

PRA Group (NASDAQ:PRAA - Get Free Report) last issued its earnings results on Monday, August 4th. The business services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.62 by $0.46. The firm had revenue of $287.69 million during the quarter, compared to the consensus estimate of $279.34 million. PRA Group had a return on equity of 6.52% and a net margin of 8.10%. Analysts forecast that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

About PRA Group

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.