Hsbc Holdings PLC Sells 7,403 Shares of Encore Capital Group Inc $ECPG

Hsbc Holdings PLC decreased its position in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 23.2% during the 4th quarter, Holdings Channel reports. The fund owned 24,568 shares of the asset manager’s stock after selling 7,403 shares during the quarter. Hsbc Holdings PLC’s holdings in Encore Capital Group were worth $1,321,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Encore Capital Group by 29.1% in the fourth quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after purchasing an additional 257 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Encore Capital Group by 0.5% during the fourth quarter. SG Americas Securities LLC now owns 66,825 shares of the asset manager’s stock worth $3,632,000 after purchasing an additional 326 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Encore Capital Group by 185.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock worth $39,000 after purchasing an additional 466 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Encore Capital Group by 1,729.6% in the 4th quarter. IFP Advisors Inc now owns 494 shares of the asset manager’s stock valued at $27,000 after buying an additional 467 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Encore Capital Group by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,514 shares of the asset manager’s stock valued at $1,333,000 after buying an additional 611 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Truist Financial raised their price objective on Encore Capital Group from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings cut Encore Capital Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, June 8th. Zacks Research downgraded Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citizens Jmp lifted 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Encore Capital Group Stock Performance

Encore Capital Group stock opened at $92.58 on Monday. The firm has a 50-day moving average of $83.90 and a 200-day moving average of $71.45. Encore Capital Group Inc has a one year low of $35.67 and a one year high of $94.60. The company has a debt-to-equity ratio of 3.90, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 7.18 and a beta of 1.27.

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

Insiders Place Their Bets

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $82.08, for a total value of $164,160.00. Following the completion of the transaction, the insider directly owned 64,570 shares in the company, valued at $5,299,905.60. This trade represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.

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.