Principal Financial Group Inc. lowered its holdings in Encore Capital Group, Inc. (NASDAQ:ECPG) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,591 shares of the asset manager’s stock after selling 6,590 shares during the period. Principal Financial Group Inc. owned approximately 0.69% of Encore Capital Group worth $7,912,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in shares of Encore Capital Group by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 12,357 shares of the asset manager’s stock valued at $496,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Encore Capital Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 17,287 shares of the asset manager’s stock valued at $694,000 after acquiring an additional 237 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Encore Capital Group by 6.7% in the 2nd quarter. Voya Investment Management LLC now owns 12,510 shares of the asset manager’s stock valued at $502,000 after acquiring an additional 785 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Encore Capital Group by 3.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 27,504 shares of the asset manager’s stock valued at $1,104,000 after acquiring an additional 912 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Encore Capital Group by 3.8% in the 2nd quarter. Great West Life Assurance Co. Can now owns 34,624 shares of the asset manager’s stock valued at $1,388,000 after acquiring an additional 1,280 shares in the last quarter.

Several analysts have weighed in on the company. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Encore Capital Group in a report on Saturday, November 18th. Zacks Investment Research raised Encore Capital Group from a “sell” rating to a “hold” rating in a report on Monday, November 6th. SunTrust Banks reaffirmed a “buy” rating and issued a $57.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Northland Securities reaffirmed a “hold” rating and issued a $49.00 price target on shares of Encore Capital Group in a report on Friday, November 3rd. Finally, ValuEngine raised Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $43.50.

Encore Capital Group, Inc. (ECPG) opened at $44.60 on Thursday. The firm has a market capitalization of $1,160.00, a PE ratio of 12.45 and a beta of 1.80. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 5.60. Encore Capital Group, Inc. has a 1-year low of $26.30 and a 1-year high of $52.00.

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Encore Capital Group 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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