Wellington Management Group LLP Reduces Stock Holdings in Encore Capital Group Inc $ECPG

Wellington Management Group LLP cut its stake in shares of Encore Capital Group Inc (NASDAQ:ECPG) by 28.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 426,069 shares of the asset manager’s stock after selling 168,305 shares during the period. Wellington Management Group LLP’s holdings in Encore Capital Group were worth $39,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Encore Capital Group in the second quarter valued at approximately $343,229,000. AQR Capital Management LLC lifted its position in shares of Encore Capital Group by 78.0% during the fourth quarter. AQR Capital Management LLC now owns 412,498 shares of the asset manager’s stock worth $22,419,000 after purchasing an additional 180,733 shares in the last quarter. Heartland Advisors Inc. lifted its position in shares of Encore Capital Group by 0.7% during the first quarter. Heartland Advisors Inc. now owns 388,425 shares of the asset manager’s stock worth $27,236,000 after purchasing an additional 2,595 shares in the last quarter. Barclays PLC boosted its stake in shares of Encore Capital Group by 11.8% in the fourth quarter. Barclays PLC now owns 371,916 shares of the asset manager’s stock valued at $20,214,000 after purchasing an additional 39,214 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Encore Capital Group by 658.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 334,018 shares of the asset manager’s stock valued at $23,421,000 after purchasing an additional 289,964 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Encore Capital Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Citizens Jmp upped their price objective on shares of Encore Capital Group from $108.00 to $115.00 and gave the company a “market outperform” rating in a research report on Wednesday, June 17th. Weiss Ratings upgraded Encore Capital Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Zacks Research upgraded Encore Capital Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Truist Financial lifted their target price on Encore Capital Group from $105.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $89.75.

Encore Capital Group Stock Up 0.4%

ECPG stock opened at $97.30 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 3.87. The firm has a 50 day simple moving average of $94.97 and a 200-day simple moving average of $82.52. The company has a market capitalization of $2.06 billion, a P/E ratio of 7.37 and a beta of 1.27. Encore Capital Group Inc has a twelve month low of $39.94 and a twelve month high of $104.98.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Wednesday, August 5th. The asset manager reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $0.14. The firm had revenue of $491.87 million for the quarter, compared to the consensus estimate of $455.10 million. Encore Capital Group had a net margin of 15.86% and a return on equity of 29.83%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.49 EPS. 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 earnings per share for the current fiscal year.

Insider Activity at Encore Capital Group

In related news, insider John Yung sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 64,570 shares of the company’s stock, valued at $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 available through this link. Insiders own 3.00% of the company’s stock.

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.