Ameriprise Financial Inc. Sells 30,416 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Ameriprise Financial Inc. trimmed its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 14.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,058 shares of the company's stock after selling 30,416 shares during the quarter. Ameriprise Financial Inc. owned 0.27% of Mr. Cooper Group worth $16,807,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in COOP. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after purchasing an additional 4,863 shares during the period. KLP Kapitalforvaltning AS bought a new position in Mr. Cooper Group during the 4th quarter worth $1,603,000. JPMorgan Chase & Co. lifted its holdings in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after buying an additional 86,510 shares during the period. Spire Wealth Management acquired a new position in Mr. Cooper Group during the 4th quarter worth about $1,480,000. Finally, F M Investments LLC bought a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $313,000. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Trading Down 0.4%

COOP stock traded down $0.50 during mid-day trading on Thursday, reaching $125.01. The company's stock had a trading volume of 111,140 shares, compared to its average volume of 604,549. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $138.35. The business's 50 day moving average price is $116.78 and its 200 day moving average price is $106.19. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 EPS. As a group, equities analysts expect 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 company'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 transaction 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 approximately $78,435,669.04. This represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group raised their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. 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. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods increased 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

Mr. Cooper Group Company 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.