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

Cetera Investment Advisers boosted its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 57.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC increased its stake in Mr. Cooper Group by 198.0% during the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after purchasing an additional 87,712 shares in the last quarter. Dakota Wealth Management increased its position in shares of Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after acquiring an additional 181 shares in the last quarter. CX Institutional raised its holdings in shares of Mr. Cooper Group by 3.7% in the 4th quarter. CX Institutional now owns 16,211 shares of the company's stock worth $1,556,000 after acquiring an additional 579 shares during the last quarter. Blue Trust Inc. lifted its position in Mr. Cooper Group by 94.2% in the 4th quarter. Blue Trust Inc. now owns 1,111 shares of the company's stock valued at $102,000 after acquiring an additional 539 shares in the last quarter. Finally, KBC Group NV lifted its position in Mr. Cooper Group by 88.7% in the 4th quarter. KBC Group NV now owns 3,306 shares of the company's stock valued at $317,000 after acquiring an additional 1,554 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded up $2.11 during trading on Tuesday, reaching $131.61. The company's stock had a trading volume of 434,810 shares, compared to its average volume of 611,425. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $138.35. The firm has a market cap of $8.42 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The firm has a 50 day moving average of $118.35 and a 200-day moving average of $107.03.

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 analysts' consensus estimates of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 EPS. Equities research analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on COOP shares. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays increased their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Finally, UBS Group raised their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned 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 $131.14.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.73% of the company's stock.

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.