2,041 Shares in Mr. Cooper Group Inc (NASDAQ:COOP) Acquired by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc purchased a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,041 shares of the company's stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the period. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group during the first quarter worth $55,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $70,000. Covestor Ltd increased its position in shares of Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after buying an additional 599 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $78,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Down 1.7%

Mr. Cooper Group stock opened at $150.95 on Friday. Mr. Cooper Group Inc has a 1-year low of $78.20 and a 1-year high of $158.00. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. The firm's fifty day moving average price is $134.19 and its two-hundred day moving average price is $115.76.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same period last year, the firm earned $2.73 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares of the company's stock, valued at $105,461,470.18. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group increased their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods raised their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Piper Sandler raised their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $133.29.

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.

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