Federated Hermes Inc. Raises Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Federated Hermes Inc. raised its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 106.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,223 shares of the company’s stock after buying an additional 10,437 shares during the period. Federated Hermes Inc.’s holdings in Mr. Cooper Group were worth $1,317,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in COOP. Assenagon Asset Management S.A. raised its stake in shares of Mr. Cooper Group by 94.9% during the third quarter. Assenagon Asset Management S.A. now owns 1,411,766 shares of the company’s stock valued at $75,614,000 after acquiring an additional 687,321 shares during the last quarter. Invesco Ltd. raised its position in Mr. Cooper Group by 42.4% during the 3rd quarter. Invesco Ltd. now owns 593,380 shares of the company’s stock valued at $31,781,000 after purchasing an additional 176,785 shares during the last quarter. K2 Principal Fund L.P. bought a new position in Mr. Cooper Group during the 3rd quarter valued at approximately $7,571,000. Hsbc Holdings PLC lifted its holdings in Mr. Cooper Group by 383.5% in the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after buying an additional 116,360 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Mr. Cooper Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after buying an additional 77,838 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the sale, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at approximately $26,131,334.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Michael S. Weinbach bought 17,000 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The disclosure for this purchase can be found here. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $79.24 on Tuesday. Mr. Cooper Group Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $81.98. The firm’s 50-day simple moving average is $75.21 and its two-hundred day simple moving average is $66.98. The stock has a market cap of $5.13 billion, a PE ratio of 8.30 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The business had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. Equities research analysts predict that Mr. Cooper Group Inc. will post 9.48 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on COOP. Barclays upped their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Wedbush raised their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price objective (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. Finally, Jefferies Financial Group lifted their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.22.

Mr. Cooper Group Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.