Arete Wealth Advisors LLC purchased a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,329 shares of the company's stock, valued at approximately $224,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Mr. Cooper Group during the fourth quarter worth about $72,984,000. Veridan Wealth LLC bought a new stake in Mr. Cooper Group during the fourth quarter worth about $56,244,000. Wellington Management Group LLP boosted its holdings in shares of Mr. Cooper Group by 43.1% in the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $9,795,000. Finally, Barclays PLC raised its holdings 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 buying an additional 87,712 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.
Mr. Cooper Group Stock Performance
Shares of NASDAQ COOP traded up $1.44 during mid-day trading on Friday, hitting $110.00. 1,419,981 shares of the stock traded hands, compared to its average volume of 558,408. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 10.81, a PEG ratio of 0.32 and a beta of 1.17. The stock has a fifty day moving average price of $110.06 and a 200-day moving average price of $101.03. Mr. Cooper Group Inc. has a 52 week low of $74.49 and a 52 week high of $137.60.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, sell-side analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.
Insider Activity
In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.33% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently commented on COOP. 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. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods raised their price target 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. Barclays raised their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, UBS Group upped their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of "Moderate Buy" and a consensus target price of $119.78.
View Our Latest Stock Analysis on COOP
Mr. Cooper Group Profile
(
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
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