Encore Capital Group Inc $ECPG Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,568 shares of the asset manager’s stock after selling 7,403 shares during the quarter. Hsbc Holdings PLC owned about 0.11% of Encore Capital Group worth $1,321,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ECPG. IFP Advisors Inc grew its holdings in shares of Encore Capital Group by 1,729.6% during the fourth quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock worth $27,000 after buying an additional 467 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Encore Capital Group by 185.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock worth $39,000 after purchasing an additional 466 shares during the period. Allworth Financial LP boosted its holdings in shares of 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 during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Encore Capital Group by 168.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock worth $105,000 after purchasing an additional 1,706 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new stake in shares of Encore Capital Group in the third quarter valued at $143,000.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Citizens Jmp upped their target price on Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a research note on Wednesday, June 17th. Weiss Ratings cut Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 8th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Wednesday, June 17th. Wall Street Zen downgraded shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Truist Financial raised their target price on shares of Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $88.00.

Insider Buying and Selling at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of Encore Capital Group stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the sale, the insider owned 64,570 shares in the company, valued at approximately $5,299,905.60. The trade was a 3.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

Encore Capital Group Stock Up 0.5%

Shares of NASDAQ:ECPG opened at $93.79 on Thursday. The stock has a 50-day simple moving average of $82.90 and a 200-day simple moving average of $69.67. The stock has a market capitalization of $2.01 billion, a P/E ratio of 7.28 and a beta of 1.27. Encore Capital Group Inc has a 1 year low of $35.67 and a 1 year high of $94.60. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.90 and a current ratio of 0.90.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, May 6th. The asset manager reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.84. The firm had revenue of $475.41 million during the quarter, compared to analysts’ expectations of $446.26 million. Encore Capital Group had a net margin of 16.00% and a return on equity of 30.70%. The firm’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.93 EPS. Encore Capital Group has set its FY 2026 guidance at 13.000-13.000 EPS. Equities analysts forecast that Encore Capital Group Inc will post 13.01 earnings per share for the current year.

Encore Capital Group Company 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.