US Bancorp DE Sells 10,073 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

US Bancorp DE decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 58.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,252 shares of the company's stock after selling 10,073 shares during the period. US Bancorp DE's holdings in Mr. Cooper Group were worth $668,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. LSV Asset Management grew its stake in Mr. Cooper Group by 249.2% during the second quarter. LSV Asset Management now owns 633,260 shares of the company's stock valued at $51,440,000 after acquiring an additional 451,926 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mr. Cooper Group by 984.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company's stock valued at $30,476,000 after acquiring an additional 354,905 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in Mr. Cooper Group during the second quarter valued at approximately $21,609,000. Cercano Management LLC grew its stake in Mr. Cooper Group by 39.1% during the first quarter. Cercano Management LLC now owns 502,618 shares of the company's stock valued at $39,179,000 after acquiring an additional 141,332 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Mr. Cooper Group by 11.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock valued at $114,988,000 after acquiring an additional 125,055 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Analyst Ratings Changes

COOP has been the subject of several recent analyst reports. 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. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Barclays lifted their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 target price for the company. in a research report on Monday, July 22nd. Finally, Wedbush reiterated an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.00.

Mr. Cooper Group Trading Up 0.5 %

Shares of COOP traded up $0.47 during mid-day trading on Monday, reaching $101.43. The company's stock had a trading volume of 514,560 shares, compared to its average volume of 452,112. The stock has a market cap of $6.49 billion, a PE ratio of 13.04 and a beta of 1.40. Mr. Cooper Group Inc. has a 52 week low of $55.61 and a 52 week high of $103.05. The company's fifty day moving average price is $92.18 and its two-hundred day moving average price is $87.19.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.54 by $0.30. The firm had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The business's quarterly revenue was up 32.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.79 EPS. Research analysts anticipate that Mr. Cooper Group Inc. will post 10.17 EPS for the current year.

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.