JPMorgan Chase & Co. Has $61.85 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

JPMorgan Chase & Co. boosted its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 644,159 shares of the company’s stock after purchasing an additional 86,510 shares during the quarter. JPMorgan Chase & Co. owned about 1.01% of Mr. Cooper Group worth $61,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Veridan Wealth LLC acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at approximately $56,244,000. FMR LLC boosted its holdings in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after purchasing an additional 145,767 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Mr. Cooper Group in the 4th quarter valued at $9,795,000. Barclays PLC increased its stake in shares of Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company’s stock valued at $12,170,000 after purchasing an additional 87,712 shares during the last quarter. Finally, Amundi raised its holdings in shares of Mr. Cooper Group by 507.7% during the 4th quarter. Amundi now owns 69,974 shares of the company’s stock worth $6,545,000 after buying an additional 58,459 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upped 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 research report on Thursday, February 13th. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Barclays upped their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $125.00 to $143.00 in a report on Friday. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $114.78.

Mr. Cooper Group Trading Up 0.8 %

Shares of COOP opened at $134.21 on Friday. The company has a market capitalization of $8.54 billion, a PE ratio of 13.18, a PEG ratio of 0.32 and a beta of 1.17. The stock’s 50-day moving average price is $108.62 and its two-hundred day moving average price is $99.90. Mr. Cooper Group Inc. has a 12 month low of $74.49 and a 12 month high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 EPS 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%. Equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated 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 transaction, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.33% of the company’s stock.

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.