PRA Group, Inc. (PRAA), founded in 1996, is a global leader in acquiring and collecting nonperforming loans. Based in Norfolk, Virginia, PRA Group operates in the Americas and Europe, with over 4,600 employees in 13 countries. The company’s main businesses include Portfolio Investment and Debt Collection.
In the Portfolio Investment sector, PRA Group is involved in the purchasing of nonperforming loans, including those from the consumer and auto segments, from banks and other creditors for less than their face value. Once these loans are purchased, PRA Group’s debt recovery segment gets into play.
This Debt Collection business, the fulcrum of PRA Group’s operations, is targeted towards the management and collection of portfolios of nonperforming loans. They employ some combination of proprietary data analytics, account segmentation and a multitude of payment solutions to maximize their account recoveries.
It’s noteworthy that PRAA distinguishes itself in this sector with their ethical standards and commitment to treating people fairly and with respect, something that’s not always associated with debt collection companies. They pride themselves on their compliance-driven behavior and a team that embodies the corporate value of "doing the right thing".
PRA Group, Inc. is publicly traded on the NASDAQ stock exchange under the ticker symbol "PRAA", and has managed over the course of its history to generate consistent returns on invested capital.
The company has a strong track record of compliance, which is key in the highly regulated market in which it operates. Success, for PRA Group, stems from its strategic vision, experienced management, proven process and approach to compliance and respect for consumers.
It’s interesting to note that PRA Group also operates a charitable arm, the PRA Group Employee-funded Assistance and Relief Charity (PRA Group EARC), which supports employees dealing with unexpected and unavoidable financial hardship.
In conclusion, PRA Group, with its impressive footprint across continents and its operations driven by ethical adherence, stands strong as a leader in the non-performing loans collection business.
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Owen James, President of PRA Group Europe, announced his retirement effective December 31, 2026. Following his retirement, James will continue in an advisory role with PRA Group, Inc. until March 31, 2027, to support a smooth leadership transition. This announcement was made via a Form 8-K filing on September 23, 2026.
The Public Employees Retirement System of Ohio has acquired 57,434 shares of PRA Group, Inc. (NASDAQ:PRAA) valued at approximately $1.09 million, representing a 0.15% stake in the company. Other institutional investors like BlackRock Inc. and State Street Corp have also adjusted their positions in PRA Group. The company recently reported strong quarterly earnings, beating analyst expectations, but analyst ratings remain mixed with an average "Hold" rating.
Wellington Management Group LLP increased its stake in PRA Group, Inc. by 10.3%, purchasing an additional 77,188 shares, bringing their total ownership to 827,720 shares, or approximately 2.2% of the company. Other institutional investors like BlackRock Inc. and Topline Capital Management LLC also made significant changes to their holdings. PRA Group recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, while its stock currently holds an average "Hold" rating from analysts with a consensus target price of $26.00.
Bank of New York Mellon Corp has acquired a new position in PRA Group, Inc. (NASDAQ:PRAA), purchasing 126,569 shares valued at approximately $2.4 million during the second quarter. This acquisition is part of broader institutional investor activity, with hedge funds and other institutional investors collectively owning 97.22% of the company's stock. PRA Group recently reported strong quarterly earnings, significantly beating analyst expectations with $1.51 EPS and $372.17 million in revenue.
Wall Street Zen has downgraded PRA Group (NASDAQ:PRAA) from a "strong buy" to a "buy" rating, despite the company recently exceeding earnings and revenue expectations. PRA Group reported $1.51 EPS against an estimated $0.52 and revenue of $372.17 million against an estimated $299.99 million. The stock opened at $19.02, and institutional investors own a significant 97.22% of its outstanding shares, with a consensus "Hold" rating and a $26.00 target price from other analysts.
Five brokerages currently cover PRA Group, Inc. (NASDAQ:PRAA), assigning an average "Hold" rating with a 12-month target price of $26.00, significantly higher than its current $18.99 stock price. The company recently reported strong quarterly results, exceeding analyst expectations with $1.51 EPS and $372.17 million in revenue. Institutional investors hold a substantial 97.22% of PRA Group's shares, with significant new investments and increased stakes from major firms like BlackRock Inc. and Topline Capital Management LLC.
HSBC Holdings PLC has acquired 123,822 shares of PRA Group, Inc. (NASDAQ:PRAA) valued at approximately $2.27 million during the second quarter, representing a 0.33% stake in the company. Institutional investors now collectively own 97.22% of PRA Group. The acquisition follows a strong earnings report from PRA Group, which significantly exceeded analyst expectations for both EPS and revenue, though the stock currently holds an average "Hold" rating with a consensus price target of $26.00.