3,743 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by Optimize Financial Inc

Optimize Financial Inc acquired a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,743 shares of the company's stock, valued at approximately $359,000.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $72,984,000. Veridan Wealth LLC acquired a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $56,244,000. Wellington Management Group LLP boosted its holdings in Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Mr. Cooper Group in the 4th quarter valued at approximately $9,795,000. Finally, Invesco Ltd. raised its position in shares of Mr. Cooper Group by 5.2% in the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock valued at $172,853,000 after purchasing an additional 89,544 shares during the period. Institutional investors and hedge funds own 89.82% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods raised their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. UBS Group boosted their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday. JMP Securities reiterated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Barclays raised their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $120.89.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Trading Down 1.3 %

Shares of NASDAQ:COOP traded down $1.51 on Friday, reaching $111.21. 536,584 shares of the company's stock were exchanged, compared to its average volume of 565,886. The company has a fifty day moving average of $110.68 and a 200-day moving average of $101.58. Mr. Cooper Group Inc. has a twelve month low of $75.61 and a twelve month high of $137.60. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal 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.