Hsbc Holdings PLC Buys New Shares in Encore Capital Group Inc $ECPG

Hsbc Holdings PLC bought a new position in Encore Capital Group Inc (NASDAQ:ECPG) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 48,827 shares of the asset manager’s stock, valued at approximately $4,554,000.

Other hedge funds have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in Encore Capital Group by 1,729.6% during the fourth 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. EverSource Wealth Advisors LLC increased its holdings in shares of Encore Capital Group by 185.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the asset manager’s stock worth $39,000 after buying an additional 466 shares during the period. USA Financial Formulas purchased a new position in shares of Encore Capital Group in the first quarter worth about $46,000. Allworth Financial LP lifted its stake in shares of Encore Capital Group by 29.1% in the 4th quarter. Allworth Financial LP now owns 1,139 shares of the asset manager’s stock valued at $62,000 after acquiring an additional 257 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Encore Capital Group by 168.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,716 shares of the asset manager’s stock valued at $105,000 after acquiring an additional 1,706 shares during the last quarter.

Insider Buying and Selling

In other Encore Capital Group news, insider John Yung sold 2,000 shares of the company’s 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 transaction, the insider directly owned 64,570 shares in the company, valued at approximately $5,299,905.60. This represents a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ECPG shares. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Truist Financial boosted their price objective on Encore Capital Group from $105.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen lowered Encore Capital Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup restated a “market outperform” rating on shares of Encore Capital Group in a report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $89.75.

Encore Capital Group Price Performance

ECPG opened at $98.94 on Friday. The company has a debt-to-equity ratio of 3.87, a quick ratio of 0.96 and a current ratio of 0.96. Encore Capital Group Inc has a 52-week low of $39.94 and a 52-week high of $104.98. The stock has a market capitalization of $2.10 billion, a PE ratio of 7.49 and a beta of 1.27. The stock’s 50 day moving average price is $94.05 and its 200-day moving average price is $81.17.

Encore Capital Group (NASDAQ:ECPG) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.14. The company had revenue of $491.87 million during the quarter, compared to analyst estimates of $455.10 million. Encore Capital Group had a return on equity of 29.83% and a net margin of 15.86%.The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.49 earnings per share. Encore Capital Group has set its FY 2026 guidance at 13.000-14.000 EPS. On average, equities research analysts predict that Encore Capital Group Inc will post 13.52 EPS for the current year.

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.