Mr. Cooper Group Inc. (NASDAQ:COOP) is Basswood Capital Management L.L.C.'s 9th Largest Position

Basswood Capital Management L.L.C. trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,122 shares of the company's stock after selling 10,121 shares during the period. Mr. Cooper Group makes up about 2.7% of Basswood Capital Management L.L.C.'s holdings, making the stock its 9th largest holding. Basswood Capital Management L.L.C. owned about 0.76% of Mr. Cooper Group worth $46,673,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COOP. Invesco Ltd. increased its position in shares of Mr. Cooper Group by 5.2% during the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after acquiring an additional 89,544 shares during the period. Wellington Management Group LLP increased its stake in Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after purchasing an additional 343,243 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Mr. Cooper Group by 16.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after buying an additional 125,897 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Mr. Cooper Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after buying an additional 53,534 shares in the last quarter. Finally, Norges Bank purchased a new stake in Mr. Cooper Group in the fourth quarter valued at $72,984,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COOP shares. Barclays increased their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, UBS Group raised their target price 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, April 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Mr. Cooper Group Stock Down 0.5 %

Shares of NASDAQ COOP traded down $0.53 during midday trading on Tuesday, hitting $117.01. The company had a trading volume of 556,110 shares, compared to its average volume of 575,480. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $137.60. The business has a 50-day simple moving average of $112.39 and a two-hundred day simple moving average of $103.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The business had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same quarter in the prior year, the firm posted $2.73 EPS. The company's revenue was down .7% compared to the same quarter last year. On average, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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.