US Bancorp DE Purchases 10,036 Shares of PRA Group, Inc. $PRAA

US Bancorp DE increased its position in PRA Group, Inc. (NASDAQ:PRAA) by 34.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,556 shares of the business services provider’s stock after purchasing an additional 10,036 shares during the quarter. US Bancorp DE owned approximately 0.10% of PRA Group worth $583,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in PRA Group by 14.2% during the first quarter. Janney Montgomery Scott LLC now owns 41,182 shares of the business services provider’s stock worth $849,000 after buying an additional 5,123 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of PRA Group by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 196,312 shares of the business services provider’s stock worth $4,048,000 after acquiring an additional 5,144 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of PRA Group by 3.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 119,502 shares of the business services provider’s stock worth $2,464,000 after acquiring an additional 3,816 shares during the last quarter. Capital Management Corp VA increased its holdings in shares of PRA Group by 58.5% during the 1st quarter. Capital Management Corp VA now owns 353,371 shares of the business services provider’s stock worth $7,287,000 after acquiring an additional 130,360 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in PRA Group in the 1st quarter valued at $294,000. 97.22% of the stock is currently owned by institutional investors and hedge funds.

PRA Group Trading Up 1.5%

Shares of PRAA opened at $13.53 on Monday. PRA Group, Inc. has a 12 month low of $12.91 and a 12 month high of $25.43. The firm’s 50 day moving average is $15.96 and its 200-day moving average is $15.77. The stock has a market capitalization of $528.62 million, a PE ratio of 5.81 and a beta of 1.45.

PRA Group (NASDAQ:PRAA) last issued its quarterly earnings results on Monday, August 4th. The business services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.46. PRA Group had a return on equity of 6.52% and a net margin of 8.10%.The business had revenue of $287.69 million during the quarter, compared to analysts’ expectations of $279.34 million. Equities research analysts predict that PRA Group, Inc. will post 2.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PRAA has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of PRA Group from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of PRA Group in a report on Wednesday, October 8th. JMP Securities set a $24.00 price target on shares of PRA Group and gave the company a “market outperform” rating in a report on Tuesday, August 5th. Finally, Citigroup restated an “outperform” rating on shares of PRA Group in a research report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.50.

PRA Group Company Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.