Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,452 shares of the company's stock after buying an additional 6,588 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Mr. Cooper Group worth $7,916,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in Mr. Cooper Group by 198.0% in the third quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after acquiring an additional 87,712 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Mr. Cooper Group by 137.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,843 shares of the company's stock worth $1,873,000 after purchasing an additional 10,895 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth about $2,537,000. Tidal Investments LLC purchased a new stake in Mr. Cooper Group in the 3rd quarter valued at about $2,459,000. Finally, Oliver Luxxe Assets LLC lifted its position in Mr. Cooper Group by 5.8% in the fourth quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock valued at $3,988,000 after buying an additional 2,259 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded up $3.54 during trading hours on Tuesday, reaching $110.80. 361,128 shares of the stock were exchanged, compared to its average volume of 567,430. The stock has a market cap of $7.09 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.32 and a beta of 1.17. The firm's 50 day moving average is $110.77 and its 200 day moving average is $101.97. Mr. Cooper Group Inc. has a 52-week low of $76.85 and a 52-week high of $137.60.

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 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%. Equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group upped their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Barclays lifted their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.00.

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.