Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,437,287 shares of the company’s stock after selling 32,984 shares during the quarter. Vanguard Group Inc. owned about 0.12% of Mr. Cooper Group worth $714,054,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC boosted its stake in shares of Mr. Cooper Group by 3.3% in the fourth quarter. LPL Financial LLC now owns 14,957 shares of the company’s stock worth $1,436,000 after acquiring an additional 472 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth $1,603,000. Hillsdale Investment Management Inc. raised its position in shares of Mr. Cooper Group by 0.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 70,190 shares of the company’s stock valued at $6,739,000 after buying an additional 480 shares during the last quarter. Xponance Inc. lifted its stake in shares of Mr. Cooper Group by 6.5% in the fourth quarter. Xponance Inc. now owns 5,522 shares of the company’s stock worth $530,000 after buying an additional 337 shares in the last quarter. Finally, Kennondale Capital Management LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,798,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on COOP. UBS Group increased their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Piper Sandler increased their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Barclays raised 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. Finally, JMP Securities reissued 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.22.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $104.49 on Monday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 10.26, a PEG ratio of 0.32 and a beta of 1.49. The firm’s 50-day moving average is $106.03 and its two-hundred day moving average is $98.73. Mr. Cooper Group Inc. has a 12 month low of $74.49 and a 12 month high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current 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.