Wellington Management Group LLP Grows Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Wellington Management Group LLP raised its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 43.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,138,904 shares of the company's stock after acquiring an additional 343,243 shares during the period. Wellington Management Group LLP owned approximately 1.79% of Mr. Cooper Group worth $109,346,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management raised its stake in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the last quarter. Williamson Legacy Group LLC lifted its stake in Mr. Cooper Group by 1.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after acquiring an additional 118 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after acquiring an additional 128 shares during the last quarter. Dakota Wealth Management boosted its holdings in Mr. Cooper Group by 0.7% during the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after acquiring an additional 181 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Mr. Cooper Group by 38.8% in the 4th 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. Institutional investors own 89.82% of the company's stock.

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Analysts Set New Price Targets

COOP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. UBS Group lifted their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Barclays boosted their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. JMP Securities reaffirmed a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.78.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded down $4.07 during trading hours on Tuesday, reaching $125.02. The stock had a trading volume of 440,565 shares, compared to its average volume of 538,071. 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 simple moving average of $109.06 and a 200 day simple moving average of $100.24. The stock has a market cap of $7.95 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

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.