Cerity Partners LLC acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,525 shares of the company's stock, valued at approximately $430,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in COOP. Wellington Management Group LLP lifted its stake in shares of Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after acquiring an additional 343,243 shares during the period. Norges Bank acquired a new position in Mr. Cooper Group during the 4th quarter valued at about $72,984,000. JPMorgan Chase & Co. boosted its stake in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after purchasing an additional 86,510 shares during the last quarter. Veridan Wealth LLC acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $56,244,000. Finally, Principal Financial Group Inc. grew its position in shares of Mr. Cooper Group by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 363,752 shares of the company's stock worth $34,924,000 after buying an additional 13,173 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Mr. Cooper Group
In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is owned by insiders.
Mr. Cooper Group Price Performance
Shares of Mr. Cooper Group stock opened at $112.07 on Wednesday. The company has a market capitalization of $7.17 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The business has a 50-day moving average of $110.84 and a two-hundred day moving average of $102.04. Mr. Cooper Group Inc. has a 1 year low of $76.85 and a 1 year high of $137.60.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) 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 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have commented on COOP shares. Keefe, Bruyette & Woods lifted their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. UBS Group lifted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Barclays raised their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $126.00.
View Our Latest 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.
Further Reading
Want to see what other hedge funds are holding COOP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report).
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