Assenagon Asset Management S.A. Buys 129,414 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Assenagon Asset Management S.A. increased its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,057,176 shares of the company's stock after buying an additional 129,414 shares during the quarter. Assenagon Asset Management S.A. owned 1.66% of Mr. Cooper Group worth $126,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted 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 worth $31,000 after buying an additional 95 shares during the last quarter. Asset Planning Inc purchased a new position in Mr. Cooper Group in the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda purchased a new position in Mr. Cooper Group in the 4th quarter worth approximately $70,000. Covestor Ltd increased its stake in Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after purchasing an additional 599 shares during the period. Finally, Blue Trust Inc. increased its stake in Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after purchasing an additional 222 shares during the period. Institutional investors own 89.82% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group lifted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Barclays lifted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Stock Down 2.3%

Shares of COOP traded down $3.44 during mid-day trading on Friday, hitting $143.08. 529,606 shares of the company's stock traded hands, compared to its average volume of 645,545. The firm has a market capitalization of $9.15 billion, a P/E ratio of 14.06, a PEG ratio of 0.32 and a beta of 1.03. The business's 50-day moving average price is $123.25 and its 200-day moving average price is $110.45. Mr. Cooper Group Inc. has a 1 year low of $78.20 and a 1 year high of $147.13.

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