Legal & General Group Plc raised its position in Encore Capital Group, Inc. (NASDAQ:ECPG) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,012 shares of the asset manager’s stock after acquiring an additional 2,565 shares during the quarter. Legal & General Group Plc owned 0.18% of Encore Capital Group worth $2,083,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ECPG. FMR LLC boosted its holdings in Encore Capital Group by 110.6% in the second quarter. FMR LLC now owns 1,298,705 shares of the asset manager’s stock worth $52,142,000 after purchasing an additional 682,097 shares during the period. Ameriprise Financial Inc. lifted its stake in Encore Capital Group by 13.9% in the second quarter. Ameriprise Financial Inc. now owns 839,303 shares of the asset manager’s stock valued at $33,696,000 after buying an additional 102,413 shares during the last quarter. Vanguard Group Inc. lifted its stake in Encore Capital Group by 3.4% in the second quarter. Vanguard Group Inc. now owns 2,199,637 shares of the asset manager’s stock valued at $88,317,000 after buying an additional 71,478 shares during the last quarter. First Trust Advisors LP lifted its stake in Encore Capital Group by 310.6% in the second quarter. First Trust Advisors LP now owns 83,445 shares of the asset manager’s stock valued at $3,350,000 after buying an additional 63,120 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Encore Capital Group by 7.7% in the second quarter. Northern Trust Corp now owns 632,955 shares of the asset manager’s stock valued at $25,414,000 after buying an additional 45,218 shares during the last quarter.
A number of equities research analysts have issued reports on ECPG shares. Zacks Investment Research cut Encore Capital Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Northland Securities restated a “hold” rating and set a $49.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. SunTrust Banks restated a “buy” rating and set a $57.00 price objective on shares of Encore Capital Group in a research note on Friday, November 3rd. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. Finally, BidaskClub lowered Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $48.10.
Encore Capital Group, Inc. (ECPG) opened at $42.45 on Friday. The company has a debt-to-equity ratio of 5.60, a quick ratio of 0.70 and a current ratio of 0.70. Encore Capital Group, Inc. has a 12 month low of $28.95 and a 12 month high of $52.00. The firm has a market capitalization of $1,090.00, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.82 and a beta of 1.82.
In other Encore Capital Group news, insider Paul Grinberg sold 37,546 shares of Encore Capital Group stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $42.43, for a total transaction of $1,593,076.78. Following the transaction, the insider now owns 250,171 shares of the company’s stock, valued at approximately $10,614,755.53. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 8.80% of the company’s stock.
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Encore Capital Group Company Profile
Encore Capital Group, Inc, through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through Portfolio Purchasing and Recovery segment. The Company’s geographical segments include the United States, Europe and other.
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