Encore Capital Group Inc (ECPG) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in Encore Capital Group Inc (NASDAQ:ECPG) by 17.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,742 shares of the asset manager’s stock after purchasing an additional 17,822 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.46% of Encore Capital Group worth $4,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in shares of Encore Capital Group by 1.7% in the 1st quarter. Arizona State Retirement System now owns 12,257 shares of the asset manager’s stock valued at $378,000 after purchasing an additional 200 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Encore Capital Group by 0.9% in the 1st quarter. OppenheimerFunds Inc. now owns 24,780 shares of the asset manager’s stock valued at $764,000 after purchasing an additional 230 shares in the last quarter. Texas Permanent School Fund increased 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 purchasing an additional 237 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of Encore Capital Group by 7.3% in the 1st quarter. Mason Street Advisors LLC now owns 5,507 shares of the asset manager’s stock valued at $170,000 after purchasing an additional 374 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Encore Capital Group by 1.2% in the 1st quarter. Legal & General Group Plc now owns 40,886 shares of the asset manager’s stock valued at $1,259,000 after purchasing an additional 498 shares in the last quarter.

Encore Capital Group Inc (NASDAQ ECPG) opened at 45.75 on Friday. Encore Capital Group Inc has a 12-month low of $17.66 and a 12-month high of $46.55. The stock has a market capitalization of $1.18 billion, a P/E ratio of 18.74 and a beta of 1.79. The firm’s 50-day moving average is $42.31 and its 200 day moving average is $38.56.

Encore Capital Group (NASDAQ:ECPG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Encore Capital Group had a net margin of 6.28% and a return on equity of 12.38%. The firm had revenue of $290.92 million for the quarter, compared to analysts’ expectations of $275.18 million. During the same period in the previous year, the business earned $1.29 earnings per share. Encore Capital Group’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts anticipate that Encore Capital Group Inc will post $3.69 earnings per share for the current year.

A number of equities analysts have recently issued reports on ECPG shares. Zacks Investment Research downgraded shares of Encore Capital Group from a “buy” rating to a “hold” rating in a report on Monday, July 10th. BidaskClub downgraded shares of Encore Capital Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Northland Securities reiterated a “hold” rating and issued a $44.00 price target on shares of Encore Capital Group in a report on Friday, August 4th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $49.50 price target on shares of Encore Capital Group in a report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Encore Capital Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Six analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $38.88.

TRADEMARK VIOLATION NOTICE: “Encore Capital Group Inc (ECPG) Shares Bought by Schwab Charles Investment Management Inc.” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/10/15/encore-capital-group-inc-ecpg-shares-bought-by-schwab-charles-investment-management-inc.html.

About Encore Capital Group

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.

Want to see what other hedge funds are holding ECPG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Encore Capital Group Inc (NASDAQ:ECPG).

Institutional Ownership by Quarter for Encore Capital Group (NASDAQ:ECPG)

Receive News & Ratings for Encore Capital Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encore Capital Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply