United Services Automobile Association acquired a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,246 shares of the company's stock, valued at approximately $508,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of COOP. GAMMA Investing LLC lifted its stake in shares of Mr. Cooper Group by 14,148.0% during the first quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock worth $37,234,000 after purchasing an additional 309,134 shares in the last quarter. Invesco Ltd. increased its position in shares of Mr. Cooper Group by 11.8% during the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock worth $240,819,000 after acquiring an additional 213,167 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Mr. Cooper Group during the first quarter worth about $24,037,000. Assenagon Asset Management S.A. increased its position in shares of Mr. Cooper Group by 13.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after acquiring an additional 129,414 shares during the last quarter. Finally, No Street GP LP increased its position in shares of Mr. Cooper Group by 29.4% during the fourth quarter. No Street GP LP now owns 550,000 shares of the company's stock worth $52,806,000 after acquiring an additional 125,000 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.
Wall Street Analysts Forecast Growth
COOP has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. UBS Group set a $176.00 target price on Mr. Cooper Group in a research report on Tuesday, August 5th. Barclays lifted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Piper Sandler lifted their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $140.38.
Check Out Our Latest Research Report on COOP
Mr. Cooper Group Price Performance
Shares of NASDAQ COOP traded down $6.58 during midday trading on Tuesday, hitting $213.23. 213,373 shares of the company's stock were exchanged, compared to its average volume of 967,245. The stock's 50 day moving average price is $180.21 and its 200-day moving average price is $143.66. The firm has a market cap of $13.64 billion, a P/E ratio of 24.42 and a beta of 0.98. Mr. Cooper Group Inc has a twelve month low of $84.68 and a twelve month high of $234.73.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.15). The business had revenue of $608.00 million for the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.10 earnings per share. On average, analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.
Insider Activity
In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the transaction, the chief executive officer directly owned 633,187 shares in the company, valued at approximately $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 90,000 shares of company stock worth $15,278,700 in the last three months. Insiders own 1.73% of the company's stock.
About Mr. Cooper Group
(
Free Report)
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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