Encore Capital Group Inc $ECPG Shares Acquired by Amundi

Amundi grew its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 3,134.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 304,202 shares of the asset manager’s stock after acquiring an additional 294,796 shares during the period. Amundi’s holdings in Encore Capital Group were worth $28,379,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Encore Capital Group by 1,729.6% during 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 during the period. USA Financial Formulas acquired a new stake in Encore Capital Group in the 1st quarter valued at approximately $46,000. EverSource Wealth Advisors LLC raised its position in 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 during the period. Public Employees Retirement System of Ohio purchased a new stake in Encore Capital Group in the second quarter valued at approximately $89,000. Finally, Allworth Financial LP lifted its stake 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 purchasing an additional 257 shares in the last quarter.

Encore Capital Group Price Performance

Shares of NASDAQ ECPG opened at $98.56 on Friday. The company has a debt-to-equity ratio of 3.87, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 7.46 and a beta of 1.27. The stock’s 50-day moving average is $95.55 and its two-hundred day moving average is $83.92. Encore Capital Group Inc has a 1-year low of $39.94 and a 1-year high of $104.98.

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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $455.10 million. During the same quarter last year, the business posted $2.49 EPS. The business’s quarterly revenue 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. Analysts forecast that Encore Capital Group Inc will post 13.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ECPG. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Citizens Jmp boosted their price objective 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. Truist Financial increased their target price on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Finally, Weiss Ratings raised 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 MarketBeat, the company 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 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.