Mr. Cooper Group Inc (NASDAQ:COOP) Shares Acquired by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. boosted its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,621 shares of the company's stock after acquiring an additional 2,505 shares during the period. Bridgewater Advisors Inc. owned about 0.05% of Mr. Cooper Group worth $4,022,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COOP. Invesco Ltd. boosted its holdings in shares of Mr. Cooper Group by 5.2% in the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock valued at $172,853,000 after buying an additional 89,544 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Mr. Cooper Group by 43.1% in the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after buying an additional 343,243 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after buying an additional 129,414 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 purchasing an additional 125,897 shares during the period. Finally, Northern Trust Corp boosted its stake in Mr. Cooper Group by 6.8% during the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock worth $80,204,000 after purchasing an additional 53,534 shares during the period. Institutional investors and hedge funds own 89.82% of the company's stock.

Insider Activity

In other Mr. Cooper Group 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Barclays increased their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods increased 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 research note on Tuesday, April 8th. UBS Group reiterated a "neutral" rating and set a $156.00 price target on shares of Mr. Cooper Group in a research note on Tuesday. Finally, Piper Sandler increased their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Mr. Cooper Group has a consensus rating of "Moderate Buy" and a consensus target price of $136.14.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded up $2.23 during mid-day trading on Friday, hitting $150.43. 769,419 shares of the company's stock traded hands, compared to its average volume of 970,216. The firm's 50 day simple moving average is $139.35 and its 200 day simple moving average is $119.02. Mr. Cooper Group Inc has a 1 year low of $80.35 and a 1 year high of $158.00. The company has a market cap of $9.63 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $620.57 million. During the same period last year, the firm posted $2.73 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. On average, research analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Mr. Cooper Group 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.