Veridan Wealth LLC Buys New Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Veridan Wealth LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 545,900 shares of the company's stock, valued at approximately $56,244,000. Mr. Cooper Group makes up approximately 26.5% of Veridan Wealth LLC's holdings, making the stock its biggest holding. Veridan Wealth LLC owned 0.85% of Mr. Cooper Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COOP. Harvest Fund Management Co. Ltd boosted its stake in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after purchasing an additional 270 shares in the last quarter. Asset Planning Inc acquired a new position in shares of Mr. Cooper Group in the fourth quarter worth approximately $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $51,000. Harbor Capital Advisors Inc. bought a new position in Mr. Cooper Group during the 3rd quarter worth approximately $52,000. Finally, Blue Trust Inc. raised its stake in Mr. Cooper Group by 71.8% during the third quarter. Blue Trust Inc. now owns 572 shares of the company's stock worth $53,000 after buying an additional 239 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Stock Down 2.5 %

COOP traded down $2.72 on Tuesday, hitting $108.26. The company's stock had a trading volume of 816,886 shares, compared to its average volume of 541,145. Mr. Cooper Group Inc. has a 12 month low of $70.51 and a 12 month high of $114.05. The firm has a market cap of $6.88 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. The company's 50 day simple moving average is $102.64 and its 200-day simple moving average is $96.93.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Equities analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

COOP has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Piper Sandler boosted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. JMP Securities restated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $112.22.

Mr. Cooper Group 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.