Charles Schwab Investment Management Inc. Purchases 52,001 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Charles Schwab Investment Management Inc. grew its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 916,365 shares of the company's stock after purchasing an additional 52,001 shares during the period. Charles Schwab Investment Management Inc. owned about 1.43% of Mr. Cooper Group worth $84,471,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COOP. Price T Rowe Associates Inc. MD boosted its position in Mr. Cooper Group by 984.4% in 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 buying an additional 354,905 shares in the last quarter. Los Angeles Capital Management LLC grew its position in Mr. Cooper Group by 50.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company's stock worth $3,004,000 after acquiring an additional 10,964 shares during the last quarter. Waterfall Asset Management LLC bought a new stake in Mr. Cooper Group during the 2nd quarter worth $809,000. Advisors Asset Management Inc. acquired a new position in Mr. Cooper Group in the 1st quarter worth about $476,000. Finally, Sanctuary Advisors LLC bought a new position in Mr. Cooper Group in the second quarter valued at about $626,000. 89.82% of the stock is owned by institutional investors.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the transaction, the chief executive officer now owns 818,821 shares in the company, valued at approximately $72,391,964.61. This represents a 3.53 % 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 link. Insiders own 2.33% of the company's stock.

Wall Street Analysts Forecast Growth

COOP has been the subject of several recent research reports. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Wedbush reaffirmed an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Compass Point raised their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $98.00.

Mr. Cooper Group Trading Up 0.0 %

COOP stock traded up $0.04 during midday trading on Thursday, hitting $98.33. The stock had a trading volume of 322,888 shares, compared to its average volume of 502,669. The business has a fifty day moving average price of $94.02 and a two-hundred day moving average price of $88.80. Mr. Cooper Group Inc. has a 1-year low of $59.03 and a 1-year high of $103.05. The firm has a market cap of $6.29 billion, a P/E ratio of 12.70 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating 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 company had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same quarter in the prior year, the company earned $2.79 EPS. The firm's revenue for the quarter was up 32.8% compared to the same quarter last year. On average, equities analysts anticipate that Mr. Cooper Group Inc. will post 10.16 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.