American Century Companies Inc. Sells 7,900 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

American Century Companies Inc. trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,713 shares of the company's stock after selling 7,900 shares during the period. American Century Companies Inc. owned 0.06% of Mr. Cooper Group worth $3,525,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Veridan Wealth LLC purchased a new stake in shares of Mr. Cooper Group in the fourth quarter worth $56,244,000. FMR LLC raised its holdings in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after acquiring an additional 145,767 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $9,795,000. Barclays PLC boosted its position in shares of Mr. Cooper Group by 198.0% during the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after acquiring an additional 87,712 shares during the last quarter. Finally, Amundi grew its holdings in shares of Mr. Cooper Group by 507.7% during the fourth quarter. Amundi now owns 69,974 shares of the company's stock worth $6,545,000 after purchasing an additional 58,459 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mr. Cooper Group 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 in the company, 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 can be accessed through the SEC website. Company insiders own 2.33% of the company's stock.

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Mr. Cooper Group Price Performance

COOP traded up $1.44 during trading on Friday, hitting $110.00. 1,419,981 shares of the stock traded hands, compared to its average volume of 558,408. The firm has a market capitalization of $7.00 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The firm has a 50-day moving average of $110.06 and a 200 day moving average of $101.03.

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 for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, equities analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COOP shares. Barclays raised their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price objective for the stock from $125.00 to $143.00 in a report on Friday, April 4th. JMP Securities reissued a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.78.

About Mr. Cooper Group

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.