O Shaughnessy Asset Management LLC Cuts Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

O Shaughnessy Asset Management LLC decreased its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,351 shares of the company’s stock after selling 337 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Mr. Cooper Group were worth $1,282,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in COOP. Norges Bank acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at $72,984,000. Veridan Wealth LLC acquired a new stake in Mr. Cooper Group in the fourth quarter valued at $56,244,000. FMR LLC lifted its holdings in Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after buying an additional 145,767 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at about $9,795,000. Finally, Barclays PLC lifted its stake in Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after purchasing an additional 87,712 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. UBS Group boosted their target price on 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 cut Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $125.00 to $143.00 in a research note on Friday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Mr. Cooper Group currently has an average rating of “Moderate Buy” and an average target price of $114.78.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $134.21 on Monday. The stock has a market capitalization of $8.54 billion, a P/E ratio of 13.18, a P/E/G ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 1 year low of $74.49 and a 1 year high of $137.60. The company’s fifty day moving average is $108.62 and its two-hundred day moving average is $99.98.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) 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%. Sell-side analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is currently owned by insiders.

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.