Cerity Partners LLC Takes Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Cerity Partners LLC bought a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,525 shares of the company’s stock, valued at approximately $430,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management grew its holdings in Mr. Cooper Group by 41.3% during 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 period. Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $48,000. ORG Partners LLC bought a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $51,000. Blue Trust Inc. increased its holdings in shares of Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after acquiring an additional 222 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in Mr. Cooper Group in the 4th quarter valued at $78,000. 89.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on COOP shares. Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 8th. Barclays lifted their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. UBS Group increased their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $126.00.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Trading Up 4.5 %

NASDAQ COOP opened at $112.07 on Wednesday. Mr. Cooper Group Inc. has a 1-year low of $76.85 and a 1-year high of $137.60. The company has a 50 day moving average of $110.84 and a 200-day moving average of $102.04. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate 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 research analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

About Mr. Cooper Group

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.