MassMutual Private Wealth & Trust FSB Boosts Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

MassMutual Private Wealth & Trust FSB increased its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 9,175.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,916 shares of the company's stock after purchasing an additional 4,863 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Mr. Cooper Group were worth $472,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock worth $84,471,000 after buying an additional 52,001 shares during the period. Cynosure Group LLC bought a new position in shares of Mr. Cooper Group in the third quarter worth about $730,000. World Investment Advisors LLC bought a new stake in Mr. Cooper Group during the 3rd quarter valued at about $2,537,000. FMR LLC boosted its position in Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after buying an additional 145,767 shares during the period. Finally, Range Financial Group LLC bought a new position in Mr. Cooper Group in the 4th quarter worth about $1,091,000. 89.82% of the stock is currently owned by institutional investors.

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, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the sale, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have sold 90,000 shares of company stock worth $8,414,400. Corporate insiders own 2.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler boosted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday. Citizens Jmp upgraded Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Wedbush reiterated an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Barclays boosted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average price target of $104.13.

Mr. Cooper Group Stock Down 0.2 %

Shares of Mr. Cooper Group stock traded down $0.19 during midday trading on Wednesday, hitting $102.62. The company had a trading volume of 299,535 shares, compared to its average volume of 461,092. The company has a fifty day simple moving average of $96.67 and a 200 day simple moving average of $92.75. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.30 and a beta of 1.43. Mr. Cooper Group Inc. has a 12-month low of $64.35 and a 12-month high of $105.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same quarter in the prior year, the company earned $2.79 EPS. Mr. Cooper Group's quarterly revenue was up 32.8% on a year-over-year basis. As a group, analysts expect that Mr. Cooper Group Inc. will post 10.18 EPS for the current year.

Mr. Cooper Group Company 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.