Geode Capital Management LLC trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,508,650 shares of the company's stock after selling 17,573 shares during the quarter. Geode Capital Management LLC owned 2.36% of Mr. Cooper Group worth $144,879,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $78,000. Wellington Management Group LLP raised its position in Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after acquiring an additional 343,243 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Mr. Cooper Group by 6.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 10,287 shares of the company's stock valued at $988,000 after purchasing an additional 648 shares during the period. New Age Alpha Advisors LLC bought a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $926,000. Finally, Norges Bank acquired a new stake in Mr. Cooper Group during the 4th quarter valued at $72,984,000. Institutional investors and hedge funds own 89.82% of the company's stock.
Analyst Ratings Changes
A number of brokerages recently commented on COOP. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price target 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 target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. UBS Group raised their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.78.
View Our Latest Report on COOP
Mr. Cooper Group Stock Performance
Shares of COOP stock traded up $1.44 on Friday, hitting $110.00. The company had a trading volume of 1,419,981 shares, compared to its average volume of 558,408. Mr. Cooper Group Inc. has a twelve month low of $74.49 and a twelve month high of $137.60. The firm has a market cap of $7.00 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.32 and a beta of 1.17. The stock's 50-day moving average is $110.06 and its two-hundred day moving average is $101.03.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its 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%. Equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.
Insider Buying and Selling at Mr. Cooper Group
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.33% of the company's stock.
About Mr. Cooper Group
(
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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