Cambridge Investment Research Advisors Inc. Has $575,000 Stake in Mr. Cooper Group Inc (NASDAQ:COOP)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 32.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,807 shares of the company's stock after selling 2,283 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Mr. Cooper Group were worth $575,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COOP. Invesco Ltd. lifted its stake in Mr. Cooper Group by 5.2% during the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after purchasing an additional 89,544 shares during the last quarter. Wellington Management Group LLP lifted its stake in Mr. Cooper Group by 43.1% in the fourth 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 during the last quarter. Assenagon Asset Management S.A. lifted its stake in Mr. Cooper Group by 13.9% in the first 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 during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Mr. Cooper Group by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after buying an additional 125,897 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Barclays lifted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday. 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 report on Tuesday, July 1st. UBS Group lifted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $134.57.

Mr. Cooper Group Trading Up 1.7%

NASDAQ COOP traded up $2.51 during trading on Wednesday, reaching $149.05. 1,431,665 shares of the company's stock were exchanged, compared to its average volume of 720,923. The firm has a market capitalization of $9.54 billion, a PE ratio of 16.94, a P/E/G ratio of 0.42 and a beta of 1.05. Mr. Cooper Group Inc has a fifty-two week low of $78.20 and a fifty-two week high of $158.00. The company's fifty day simple moving average is $135.31 and its 200-day simple moving average is $116.62.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued 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. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The firm's revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $2.73 EPS. Equities analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value 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. The trade was a 4.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.33% of the stock is currently owned by corporate insiders.

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.