Russell Investments Group Ltd. Trims Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Russell Investments Group Ltd. decreased its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,680 shares of the company’s stock after selling 968 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of Mr. Cooper Group worth $3,234,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in COOP. Envestnet Asset Management Inc. raised its holdings in shares of Mr. Cooper Group by 9.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 24,793 shares of the company’s stock valued at $2,380,000 after buying an additional 2,199 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $502,000. Wells Fargo & Company MN increased its stake in Mr. Cooper Group by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 82,452 shares of the company’s stock valued at $7,916,000 after buying an additional 6,588 shares during the period. Riverwater Partners LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter worth $1,181,000. Finally, Arete Wealth Advisors LLC purchased a new position in Mr. Cooper Group during the fourth quarter worth about $224,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COOP. Citizens Jmp downgraded Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Barclays raised their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a report on Tuesday, April 8th. UBS Group upped their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods raised 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 note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.89.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $112.72 on Thursday. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The company has a 50 day moving average price of $110.59 and a 200 day moving average price of $101.45. Mr. Cooper Group Inc. has a one year low of $75.28 and a one year high of $137.60.

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

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the 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 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 SEC, which is accessible through this link. 2.33% of the stock is currently owned by corporate 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.