FIL Ltd Lowers Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

FIL Ltd decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 633,000 shares of the company's stock after selling 6,000 shares during the quarter. FIL Ltd owned about 0.99% of Mr. Cooper Group worth $60,774,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management increased its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares in the last quarter. Williamson Legacy Group LLC lifted its stake in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after buying an additional 118 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock valued at $479,000 after buying an additional 128 shares during the last quarter. Dakota Wealth Management increased its position in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock valued at $2,659,000 after acquiring an additional 181 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Mr. Cooper Group by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock worth $333,000 after acquiring an additional 184 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on COOP. JMP Securities restated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays upped 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, April 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Four 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $119.78.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $6.90 during midday trading on Monday, reaching $116.90. The company had a trading volume of 649,608 shares, compared to its average volume of 560,129. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The firm's fifty day simple moving average is $110.06 and its 200-day simple moving average is $101.11. The company has a market capitalization of $7.43 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's 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 approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Company Profile

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.