Legal & General Group Plc Has $2.08 Million Position in Encore Capital Group, Inc. (NASDAQ:ECPG)

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.

Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

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