Assenagon Asset Management S.A. Boosts Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Assenagon Asset Management S.A. raised its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 11.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,247,434 shares of the company's stock after buying an additional 125,055 shares during the quarter. Assenagon Asset Management S.A. owned about 1.93% of Mr. Cooper Group worth $114,988,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in COOP. Price T Rowe Associates Inc. MD raised its holdings in Mr. Cooper Group by 984.4% during the 1st 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 during the period. 1832 Asset Management L.P. purchased a new stake in Mr. Cooper Group in the first quarter worth $5,301,000. Sei Investments Co. boosted its position in Mr. Cooper Group by 68.2% in the 1st quarter. Sei Investments Co. now owns 36,139 shares of the company's stock valued at $2,817,000 after buying an additional 14,652 shares during the period. Penbrook Management LLC bought a new position in Mr. Cooper Group in the 1st quarter worth about $949,000. Finally, Waterfall Asset Management LLC bought a new position in Mr. Cooper Group in the 2nd quarter worth about $809,000. Institutional investors own 89.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays increased their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Piper Sandler increased their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Wedbush restated an "outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday. Keefe, Bruyette & Woods lowered Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 target price for the company. in a report on Monday, July 22nd. Finally, Compass Point raised their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $98.00.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded up $1.51 during midday trading on Thursday, hitting $88.88. 849,850 shares of the company were exchanged, compared to its average volume of 444,771. Mr. Cooper Group Inc. has a fifty-two week low of $52.73 and a fifty-two week high of $97.35. The business has a fifty day simple moving average of $92.05 and a two-hundred day simple moving average of $85.87. The firm has a market capitalization of $5.73 billion, a PE ratio of 8.40 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating analysts' consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The company had revenue of $583.00 million during the quarter, compared to analysts' expectations of $552.09 million. During the same quarter in the previous year, the company earned $1.66 earnings per share. The firm's revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 9.98 earnings per share for the current year.

About Mr. Cooper Group

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.