Mr. Cooper Group Inc. (NASDAQ:COOP) Stake Lessened by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 557,649 shares of the company's stock after selling 5,747 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.87% of Mr. Cooper Group worth $51,404,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in Mr. Cooper Group by 8,275.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after buying an additional 331 shares during the period. Natixis Advisors LLC boosted its position in shares of Mr. Cooper Group by 4.2% in the second quarter. Natixis Advisors LLC now owns 21,253 shares of the company's stock worth $1,726,000 after acquiring an additional 849 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Mr. Cooper Group in the second quarter worth approximately $227,000. Victory Capital Management Inc. grew its holdings in Mr. Cooper Group by 57.5% in the second quarter. Victory Capital Management Inc. now owns 53,765 shares of the company's stock valued at $4,367,000 after purchasing an additional 19,622 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in Mr. Cooper Group by 498.0% during the second quarter. Los Angeles Capital Management LLC now owns 21,628 shares of the company's stock worth $1,757,000 after purchasing an additional 18,011 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the sale, the chief executive officer now directly owns 818,821 shares of the company's stock, valued at approximately $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 90,000 shares of company stock worth $8,414,400. 2.33% of the stock is currently owned by company insiders.

Mr. Cooper Group Trading Up 1.5 %

NASDAQ:COOP traded up $1.39 during mid-day trading on Friday, hitting $95.39. The company had a trading volume of 386,163 shares, compared to its average volume of 571,531. Mr. Cooper Group Inc. has a 1 year low of $61.38 and a 1 year high of $103.05. The business has a fifty day simple moving average of $95.97 and a 200-day simple moving average of $91.39. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 12.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period in the previous year, the company posted $2.79 EPS. Mr. Cooper Group's revenue for the quarter was up 32.8% on a year-over-year basis. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Compass Point boosted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Wedbush reissued an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Finally, Barclays raised their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $100.57.

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.