Invesco Ltd. Buys 89,544 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Invesco Ltd. increased its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800,369 shares of the company's stock after purchasing an additional 89,544 shares during the quarter. Invesco Ltd. owned approximately 2.81% of Mr. Cooper Group worth $172,853,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in COOP. Verition Fund Management LLC acquired a new stake in Mr. Cooper Group during the 3rd quarter worth $201,000. HighTower Advisors LLC acquired a new stake in shares of Mr. Cooper Group during the third quarter worth $2,353,000. Kovitz Investment Group Partners LLC bought a new stake in Mr. Cooper Group in the third quarter valued at about $290,000. EP Wealth Advisors LLC acquired a new position in Mr. Cooper Group in the third quarter valued at about $215,000. Finally, Barclays PLC boosted its holdings in Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company's stock worth $12,170,000 after buying an additional 87,712 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Down 1.3 %

Shares of COOP traded down $1.51 during mid-day trading on Friday, hitting $111.21. 536,584 shares of the company's stock were exchanged, compared to its average volume of 565,886. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 52 week low of $75.61 and a 52 week high of $137.60. The stock's 50-day simple moving average is $110.68 and its 200-day simple moving average is $101.58.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released 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 return on equity of 14.76% and a net margin of 30.07%. Analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COOP. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. UBS Group boosted their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays boosted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average target price of $120.89.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group 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 transaction, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.33% of the company's stock.

Mr. Cooper Group 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.