Deutsche Bank AG Has $17.46 Million Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Deutsche Bank AG decreased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,893 shares of the company's stock after selling 19,730 shares during the quarter. Deutsche Bank AG owned approximately 0.28% of Mr. Cooper Group worth $17,464,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COOP. MassMutual Private Wealth & Trust FSB raised its position 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 acquiring an additional 4,863 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $1,603,000. JPMorgan Chase & Co. raised its stake in shares of Mr. Cooper Group by 15.5% during the fourth 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 last quarter. Spire Wealth Management acquired a new stake in Mr. Cooper Group during the 4th quarter worth $1,480,000. Finally, F M Investments LLC bought a new position in shares of Mr. Cooper Group in the 4th quarter worth $313,000. 89.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.33% of the company's stock.

Analyst Upgrades and Downgrades

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

Mr. Cooper Group Stock Up 0.3%

NASDAQ COOP opened at $128.78 on Thursday. The firm's 50 day moving average is $113.84 and its 200-day moving average is $104.82. The company has a market capitalization of $8.24 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 EPS. As a group, sell-side analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS 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.

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