Principal Financial Group Inc. Grows Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Principal Financial Group Inc. increased its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 363,752 shares of the company's stock after buying an additional 13,173 shares during the period. Principal Financial Group Inc. owned 0.57% of Mr. Cooper Group worth $34,924,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in Mr. Cooper Group in the third quarter worth approximately $30,000. Harvest Fund Management Co. Ltd raised its position in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after purchasing an additional 270 shares during the period. Asset Planning Inc bought a new position in shares of Mr. Cooper Group in the 4th quarter worth $48,000. ORG Partners LLC acquired a new stake in Mr. Cooper Group in the 4th quarter valued at $51,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Mr. Cooper Group during the 3rd quarter valued at $52,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Up 1.2 %

Shares of COOP stock traded up $1.32 during trading on Tuesday, hitting $111.06. The company's stock had a trading volume of 845,458 shares, compared to its average volume of 523,339. The company has a market cap of $7.06 billion, a PE ratio of 10.91, a P/E/G ratio of 0.32 and a beta of 1.43. The business has a fifty day moving average of $101.26 and a 200-day moving average of $96.25. Mr. Cooper Group Inc. has a 52 week low of $70.01 and a 52 week high of $112.51.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, research analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent research reports. Barclays raised their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a research report on Tuesday, January 14th. UBS Group lifted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods increased their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Finally, Piper Sandler lifted their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $112.22.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at $71,700,996.29. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.33% of the stock is currently owned by corporate insiders.

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.