Vanguard Group Inc. Sells 32,984 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Vanguard Group Inc. lowered its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,437,287 shares of the company's stock after selling 32,984 shares during the period. Vanguard Group Inc. owned about 11.62% of Mr. Cooper Group worth $714,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after purchasing an additional 4,863 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,603,000. World Investment Advisors LLC purchased a new position in shares of Mr. Cooper Group in the third quarter worth approximately $2,537,000. Spire Wealth Management acquired a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $1,480,000. Finally, FMR LLC lifted its position in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after acquiring an additional 145,767 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.33% of the stock is currently owned by company insiders.

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Analysts Set New Price Targets

Several analysts have issued reports on COOP shares. UBS Group boosted their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Barclays upped their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, February 13th. Finally, Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $143.00 in a report on Friday. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $114.78.

Mr. Cooper Group Trading Up 0.8 %

Mr. Cooper Group stock traded up $1.11 during trading hours on Friday, reaching $134.21. 2,713,854 shares of the company were exchanged, compared to its average volume of 531,353. Mr. Cooper Group Inc. has a 12 month low of $74.49 and a 12 month high of $137.60. The stock has a 50-day moving average of $108.62 and a 200 day moving average of $99.90. The firm has a market cap of $8.54 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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.