Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,233 shares of the company's stock, valued at approximately $502,000.
Several other hedge funds also recently modified their holdings of COOP. Wells Fargo & Company MN grew its position in Mr. Cooper Group by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 82,452 shares of the company's stock worth $7,916,000 after purchasing an additional 6,588 shares during the last quarter. Riverwater Partners LLC acquired a new position in Mr. Cooper Group in the 4th quarter valued at approximately $1,181,000. Arete Wealth Advisors LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter worth approximately $224,000. EMG Holdings L.P. lifted its position in shares of Mr. Cooper Group by 11.8% in the 4th quarter. EMG Holdings L.P. now owns 87,512 shares of the company's stock worth $8,402,000 after acquiring an additional 9,270 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $78,000. 89.82% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted 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 research note on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, UBS Group boosted their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and a consensus target price of $119.78.
Read Our Latest Analysis on Mr. Cooper Group
Mr. Cooper Group Stock Performance
NASDAQ COOP traded up $5.02 during trading hours on Monday, reaching $115.02. 223,739 shares of the company's stock were exchanged, compared to its average volume of 883,582. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The company's 50-day moving average is $110.06 and its two-hundred day moving average is $101.11. Mr. Cooper Group Inc. has a one year low of $74.49 and a one year high of $137.60.
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 for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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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