Barclays PLC Boosts Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Barclays PLC raised its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 198.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,017 shares of the company's stock after acquiring an additional 87,712 shares during the quarter. Barclays PLC owned approximately 0.21% of Mr. Cooper Group worth $12,170,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock worth $84,471,000 after buying an additional 52,001 shares during the last quarter. Cynosure Group LLC bought a new stake in shares of Mr. Cooper Group in the third quarter worth $730,000. FMR LLC grew its position 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 buying an additional 145,767 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Mr. Cooper Group by 50.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company's stock valued at $3,004,000 after purchasing an additional 10,964 shares during the period. Finally, Waterfall Asset Management LLC acquired a new stake in shares of Mr. Cooper Group during the second quarter worth $809,000. 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 firm's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the transaction, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $1.39 during mid-day trading on Monday, hitting $98.23. The company's stock had a trading volume of 599,509 shares, compared to its average volume of 446,238. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 12.69 and a beta of 1.41. The business has a 50 day moving average price of $95.31 and a 200-day moving average price of $90.01. Mr. Cooper Group Inc. has a 12 month low of $61.38 and a 12 month high of $103.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. During the same period in the prior year, the business posted $2.79 EPS. The firm's revenue was up 32.8% compared to the same quarter last year. On average, equities research analysts expect that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

COOP has been the subject of several research analyst reports. Barclays lifted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Compass Point lifted their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.57.

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.