Bank of New York Mellon Corp Trims Stock Holdings in Enova International, Inc. $ENVA

Bank of New York Mellon Corp reduced its holdings in shares of Enova International, Inc. (NYSE:ENVA) by 3.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 149,527 shares of the credit services provider’s stock after selling 5,572 shares during the period. Bank of New York Mellon Corp’s holdings in Enova International were worth $20,310,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Informed Momentum Co LLC bought a new position in Enova International in the 4th quarter valued at $6,243,000. Marshall Wace LLP purchased a new stake in shares of Enova International during the fourth quarter valued at $4,412,000. Geode Capital Management LLC grew its holdings in shares of Enova International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 611,208 shares of the credit services provider’s stock worth $96,095,000 after purchasing an additional 18,258 shares during the last quarter. Legato Capital Management LLC bought a new position in shares of Enova International in the fourth quarter worth about $1,851,000. Finally, Danske Bank A S purchased a new position in Enova International in the 3rd quarter worth about $991,000. Hedge funds and other institutional investors own 89.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ENVA has been the subject of several research reports. Maxim Group boosted their price objective on shares of Enova International from $191.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Stephens boosted their price target on Enova International from $185.00 to $210.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Zacks Research downgraded Enova International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. TD Cowen lifted their target price on Enova International from $250.00 to $257.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Enova International in a research report on Friday, July 17th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $247.83.

Enova International Price Performance

NYSE ENVA opened at $244.63 on Thursday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 18.42 and a current ratio of 18.42. The firm’s 50 day moving average price is $206.66 and its 200-day moving average price is $171.41. Enova International, Inc. has a 52-week low of $99.61 and a 52-week high of $253.49. The company has a market cap of $6.09 billion, a PE ratio of 18.13 and a beta of 1.21.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $4.31 EPS for the quarter, topping analysts’ consensus estimates of $3.99 by $0.32. The company had revenue of $928.93 million during the quarter, compared to the consensus estimate of $909.61 million. Enova International had a net margin of 10.31% and a return on equity of 26.66%. Enova International’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.23 earnings per share. Sell-side analysts forecast that Enova International, Inc. will post 16.3 EPS for the current fiscal year.

Insider Buying and Selling at Enova International

In other news, Chairman David Fisher sold 33,060 shares of Enova International stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $199.05, for a total value of $6,580,593.00. Following the transaction, the chairman directly owned 306,444 shares in the company, valued at approximately $60,997,678.20. This trade represents a 9.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William M. Goodyear sold 3,500 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the completion of the transaction, the director directly owned 50,820 shares of the company’s stock, valued at approximately $9,555,176.40. The trade was a 6.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 99,030 shares of company stock valued at $18,379,363. 8.40% of the stock is currently owned by corporate insiders.

Enova International Profile

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.