5,186 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,186 shares of the company's stock, valued at approximately $478,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company's stock valued at $30,476,000 after acquiring an additional 354,905 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in Mr. Cooper Group in the first quarter worth $5,301,000. Sei Investments Co. raised its holdings in Mr. Cooper Group by 68.2% in the first quarter. Sei Investments Co. now owns 36,139 shares of the company's stock worth $2,817,000 after purchasing an additional 14,652 shares during the period. Los Angeles Capital Management LLC raised its holdings in Mr. Cooper Group by 50.7% in the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company's stock worth $3,004,000 after purchasing an additional 10,964 shares during the period. Finally, Waterfall Asset Management LLC acquired a new stake in Mr. Cooper Group in the second quarter worth $809,000. 89.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COOP. Wedbush reiterated an "outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays raised their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Compass Point raised their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price objective on the stock. in a report on Monday, July 22nd. Finally, Piper Sandler raised their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average target price of $98.00.

Mr. Cooper Group Price Performance

COOP stock traded up $0.63 during midday trading on Tuesday, hitting $97.95. The company's stock had a trading volume of 316,930 shares, compared to its average volume of 452,216. Mr. Cooper Group Inc. has a twelve month low of $58.17 and a twelve month high of $103.05. The company's fifty day moving average price is $93.28 and its 200 day moving average price is $88.17. The stock has a market capitalization of $6.27 billion, a P/E ratio of 12.66 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period in the previous year, the business earned $2.79 EPS. The company's revenue was up 32.8% compared to the same quarter last year. Equities analysts expect that Mr. Cooper Group Inc. will post 10.17 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the completion of the transaction, the chief executive officer now owns 818,821 shares of the company's stock, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.33% of the company's stock.

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.