United Services Automobile Association Purchases Shares of 9,430 Encore Capital Group Inc (ECPG)

United Services Automobile Association purchased a new position in shares of Encore Capital Group Inc (NASDAQ:ECPG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,430 shares of the asset manager’s stock, valued at approximately $290,000.

Several other large investors also recently bought and sold shares of ECPG. William Blair Investment Management LLC increased its stake in Encore Capital Group by 7.7% in the first quarter. William Blair Investment Management LLC now owns 2,250,437 shares of the asset manager’s stock worth $69,313,000 after buying an additional 161,788 shares during the last quarter. Blair William & Co. IL increased its stake in Encore Capital Group by 10.1% in the first quarter. Blair William & Co. IL now owns 112,971 shares of the asset manager’s stock worth $3,480,000 after buying an additional 10,359 shares during the last quarter. Arizona State Retirement System increased its stake in Encore Capital Group by 1.7% in the first quarter. Arizona State Retirement System now owns 12,257 shares of the asset manager’s stock worth $378,000 after buying an additional 200 shares during the last quarter. Mason Street Advisors LLC increased its stake in Encore Capital Group by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock worth $170,000 after buying an additional 374 shares during the last quarter. Finally, State of Tennessee Treasury Department increased its stake in Encore Capital Group by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 22,435 shares of the asset manager’s stock worth $691,000 after buying an additional 3,386 shares during the last quarter.

Shares of Encore Capital Group Inc (NASDAQ ECPG) traded down 0.75% during mid-day trading on Friday, reaching $39.60. 90,711 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $39.93 and a 200 day moving average of $34.76. The firm has a market capitalization of $1.02 billion, a P/E ratio of 14.11 and a beta of 1.77. Encore Capital Group Inc has a one year low of $17.66 and a one year high of $41.38.

Encore Capital Group (NASDAQ:ECPG) last posted its quarterly earnings data on Thursday, May 4th. The asset manager reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.02. The business had revenue of $271.94 million during the quarter, compared to the consensus estimate of $280.93 million. Encore Capital Group had a return on equity of 13.72% and a net margin of 7.21%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. On average, analysts forecast that Encore Capital Group Inc will post $3.73 EPS for the current fiscal year.

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Several research firms have issued reports on ECPG. Zacks Investment Research lowered shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. Keefe, Bruyette & Woods initiated coverage on shares of Encore Capital Group in a report on Wednesday, May 24th. They set an “outperform” rating and a $45.00 price target for the company. Finally, BidaskClub lowered shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Encore Capital Group currently has an average rating of “Hold” and a consensus target price of $33.00.

Encore Capital Group Company 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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