Raymond James Financial Inc. bought a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 42,508 shares of the company's stock, valued at approximately $4,081,000. Raymond James Financial Inc. owned approximately 0.07% of Mr. Cooper Group as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of COOP. Harvest Fund Management Co. Ltd boosted its holdings in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after purchasing an additional 270 shares during the period. Asset Planning Inc acquired a new position in Mr. Cooper Group in the fourth quarter valued at about $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group during the fourth quarter worth about $51,000. Blue Trust Inc. lifted its position in Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after purchasing an additional 222 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Mr. Cooper Group during the third quarter worth about $201,000. Institutional investors own 89.82% of the company's stock.
Insider Activity
In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.33% of the stock is currently owned by company insiders.
Mr. Cooper Group Stock Performance
Shares of COOP stock traded down $2.56 during mid-day trading on Friday, hitting $104.49. The company's stock had a trading volume of 436,412 shares, compared to its average volume of 467,881. The company has a market cap of $6.65 billion, a PE ratio of 10.26, a P/E/G ratio of 0.32 and a beta of 1.49. The company's fifty day simple moving average is $106.03 and its 200-day simple moving average is $98.73. Mr. Cooper Group Inc. has a 52 week low of $74.49 and a 52 week high of $114.05.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
COOP has been the subject of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. UBS Group raised their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Barclays upped their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.22.
Get Our Latest Stock Analysis on COOP
About Mr. Cooper Group
(
Free Report)
Mr. Cooper Group Inc, together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned.
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