16,700 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,700 shares of the company's stock, valued at approximately $1,603,000.

Other hedge funds have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. boosted its stake in Mr. Cooper Group by 0.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 70,190 shares of the company's stock worth $6,739,000 after buying an additional 480 shares during the last quarter. Xponance Inc. boosted its position in shares of Mr. Cooper Group by 6.5% in the fourth quarter. Xponance Inc. now owns 5,522 shares of the company's stock worth $530,000 after acquiring an additional 337 shares during the last quarter. Kennondale Capital Management LLC acquired a new stake in shares of Mr. Cooper Group in the fourth quarter worth approximately $1,798,000. Cibc World Markets Corp purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $567,000. Finally, Natixis Advisors LLC increased its position in Mr. Cooper Group by 2.6% during the fourth quarter. Natixis Advisors LLC now owns 21,863 shares of the company's stock worth $2,099,000 after purchasing an additional 558 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.33% of the stock is currently owned by company insiders.

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Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $8.48 during midday trading on Wednesday, hitting $133.56. 2,818,336 shares of the company were exchanged, compared to its average volume of 517,263. The company has a market cap of $8.49 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a fifty-two week low of $74.49 and a fifty-two week high of $137.60. The company's fifty day moving average price is $107.42 and its 200-day moving average price is $99.39.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 EPS 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%. On average, analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COOP. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a research report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. 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 report on Tuesday, February 18th. Finally, Barclays increased their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and a consensus price target of $112.22.

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.