Cetera Investment Advisers Acquires 4,750 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Cetera Investment Advisers grew its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 57.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,031 shares of the company's stock after buying an additional 4,750 shares during the period. Cetera Investment Advisers' holdings in Mr. Cooper Group were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group during the fourth quarter valued at approximately $1,603,000. JPMorgan Chase & Co. grew its holdings in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after buying an additional 86,510 shares during the period. Spire Wealth Management acquired a new stake in Mr. Cooper Group during the 4th quarter worth $1,480,000. F M Investments LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth $313,000. Finally, Wealthfront Advisers LLC bought a new position in Mr. Cooper Group during the fourth quarter worth about $9,795,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.73% of the stock is owned by company insiders.

Mr. Cooper Group Price Performance

COOP stock traded down $1.11 during midday trading on Wednesday, hitting $132.08. The company's stock had a trading volume of 88,733 shares, compared to its average volume of 865,765. The company's fifty day moving average price is $118.90 and its 200 day moving average price is $107.21. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $138.35. The stock has a market capitalization of $8.45 billion, a P/E ratio of 12.97, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million during 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 business's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 earnings per share. Equities analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COOP has been the subject of several recent analyst reports. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. UBS Group raised their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays upped their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price objective 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. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average target price of $131.14.

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.