Financial Counselors Inc. bought a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,863 shares of the company's stock, valued at approximately $467,000.
A number of other institutional investors and hedge funds have also made changes to their positions in COOP. Citigroup Inc. grew its position in Mr. Cooper Group by 37.5% in the 3rd quarter. Citigroup Inc. now owns 88,249 shares of the company's stock valued at $8,135,000 after acquiring an additional 24,087 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after acquiring an additional 270 shares in the last quarter. FMR LLC boosted its holdings in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after purchasing an additional 145,767 shares during the period. Verition Fund Management LLC acquired a new position in Mr. Cooper Group during the 3rd quarter worth $201,000. Finally, Encompass More Asset Management purchased a new stake in Mr. Cooper Group during the 3rd quarter worth about $273,000. 89.82% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Mr. Cooper Group
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 stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.33% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on COOP shares. JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Piper Sandler boosted their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. UBS Group increased their price objective on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, Barclays increased their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $112.22.
Get Our Latest Analysis on Mr. Cooper Group
Mr. Cooper Group Stock Up 7.1 %
NASDAQ COOP traded up $8.91 during trading hours on Wednesday, hitting $133.99. 1,425,866 shares of the stock were exchanged, compared to its average volume of 755,902. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The stock has a 50-day moving average of $106.80 and a 200 day moving average of $99.15. The company has a market cap of $8.52 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results 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%. On average, equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.
Mr. Cooper Group Company 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.
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