Prudential Financial Inc. Increases Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Prudential Financial Inc. boosted its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 29.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,190 shares of the company's stock after acquiring an additional 46,440 shares during the quarter. Prudential Financial Inc. owned 0.32% of Mr. Cooper Group worth $19,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in COOP. Picton Mahoney Asset Management boosted its holdings in shares of Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after buying an additional 270 shares in the last quarter. Asset Planning Inc purchased a new stake in Mr. Cooper Group in the fourth quarter worth approximately $48,000. ORG Partners LLC bought a new position in Mr. Cooper Group during the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. raised its stake in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after acquiring an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Piper Sandler upped their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. UBS Group raised their price objective on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. JMP Securities reissued a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays raised their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $112.22.

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Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $15.11 during mid-day trading on Monday, reaching $119.60. 6,437,896 shares of the company traded hands, compared to its average volume of 491,672. The firm's 50 day moving average price is $106.35 and its 200 day moving average price is $98.93. Mr. Cooper Group Inc. has a 52-week low of $74.49 and a 52-week high of $125.86. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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 Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at $71,700,996.29. This represents a 3.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.33% of the company's stock.

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.