52,517 Shares in Encore Capital Group Inc $ECPG Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Encore Capital Group Inc (NASDAQ:ECPG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 52,517 shares of the asset manager’s stock, valued at approximately $4,899,000.

Several other institutional investors also recently bought and sold shares of ECPG. The Manufacturers Life Insurance Company acquired a new stake in shares of Encore Capital Group in the second quarter worth $776,000. L2 Asset Management LLC purchased a new position in Encore Capital Group in the second quarter valued at about $274,000. Cibc World Market Inc. acquired a new position in shares of Encore Capital Group during the second quarter worth about $835,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Encore Capital Group in the second quarter worth about $5,565,000. Finally, Globeflex Capital L P acquired a new stake in shares of Encore Capital Group in the second quarter valued at about $8,792,000.

Encore Capital Group Price Performance

Shares of NASDAQ ECPG opened at $96.93 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 7.34 and a beta of 1.27. Encore Capital Group Inc has a twelve month low of $39.94 and a twelve month high of $104.98. The business has a 50 day simple moving average of $94.83 and a 200-day simple moving average of $82.42.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.14. The firm had revenue of $491.87 million for the quarter, compared to analysts’ expectations of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business posted $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. As a group, equities research analysts expect that Encore Capital Group Inc will post 13.52 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total transaction of $164,160.00. Following the completion of the sale, the insider owned 64,570 shares of the company’s stock, valued at $5,299,905.60. This represents a 3.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

About Encore Capital Group

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.