State Street Corp Acquires 51,667 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

State Street Corp grew its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 1.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,726,946 shares of the company's stock after acquiring an additional 51,667 shares during the period. State Street Corp owned 4.26% of Mr. Cooper Group worth $251,370,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of COOP. Financial Management Professionals Inc. bought a new stake in Mr. Cooper Group during the 3rd quarter worth approximately $30,000. Blue Trust Inc. grew its stake in shares of Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company's stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after purchasing an additional 331 shares during the last quarter. Quarry LP bought a new position in Mr. Cooper Group during the 2nd quarter worth $29,000. Finally, Harvest Fund Management Co. Ltd raised its position in Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after purchasing an additional 270 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Trading Down 0.6 %

COOP stock traded down $0.60 during mid-day trading on Thursday, reaching $95.36. The company's stock had a trading volume of 214,675 shares, compared to its average volume of 446,046. Mr. Cooper Group Inc. has a 12 month low of $61.38 and a 12 month high of $103.05. The business's 50 day moving average price is $95.20 and its 200 day moving average price is $89.80. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 12.32 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company's quarterly revenue was up 32.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.79 EPS. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the sale, the chief executive officer now owns 788,821 shares of the company's stock, valued at approximately $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on COOP shares. Barclays increased their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday, October 8th. Wedbush restated an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Compass Point upped their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average target price of $100.57.

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.