JPMorgan Chase & Co. boosted its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 15.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 644,159 shares of the company's stock after purchasing an additional 86,510 shares during the quarter. JPMorgan Chase & Co. owned 1.01% of Mr. Cooper Group worth $61,846,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Mr. Cooper Group by 1.9% during the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company's stock worth $251,370,000 after acquiring an additional 51,667 shares during the period. Veridan Wealth LLC bought a new stake in Mr. Cooper Group during the fourth quarter worth $56,244,000. FMR LLC lifted its stake in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company's stock worth $44,791,000 after purchasing an additional 145,767 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Mr. Cooper Group by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 363,752 shares of the company's stock worth $34,924,000 after buying an additional 13,173 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Mr. Cooper Group by 29.4% in the fourth quarter. Prudential Financial Inc. now owns 204,190 shares of the company's stock valued at $19,604,000 after buying an additional 46,440 shares in the last quarter. Institutional investors own 89.82% of the company's stock.
Insiders Place Their Bets
In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.
Mr. Cooper Group Stock Performance
Mr. Cooper Group stock traded down $2.89 during midday trading on Wednesday, hitting $113.61. 2,089,920 shares of the company's stock were exchanged, compared to its average volume of 550,414. The company has a market cap of $7.23 billion, a P/E ratio of 11.16, a PEG ratio of 0.32 and a beta of 1.17. The stock has a 50-day moving average price of $109.82 and a two-hundred day moving average price of $100.77. Mr. Cooper Group Inc. has a 52-week low of $74.49 and a 52-week 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 (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
COOP has been the subject of several research analyst reports. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Barclays lifted their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday. UBS Group increased their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods raised their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average target price of $119.78.
Check Out Our Latest Research Report on Mr. Cooper Group
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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