Credit Agricole S A Has $2.86 Million Stock Position in Mr. Cooper Group Inc $COOP

Key Points

• Credit Agricole S A increased its stake in Mr. Cooper Group Inc by 68.7% in the first quarter, owning 23,942 shares valued at approximately $2.86 million.
• Analysts are optimistic about Mr. Cooper Group, with Barclays and Piper Sandler raising their price targets significantly, and the stock currently has an average rating of "Hold."
• CEO Jesse K. Bray sold 30,000 shares of the company at an average price of $174.72, decreasing his stake by 4.33% while maintaining over $115 million in personal holdings.

Credit Agricole S A boosted its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 68.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,942 shares of the company's stock after acquiring an additional 9,750 shares during the quarter. Credit Agricole S A's holdings in Mr. Cooper Group were worth $2,863,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Mr. Cooper Group in the 1st quarter valued at $625,000. Freestone Capital Holdings LLC lifted its position in Mr. Cooper Group by 14.1% in the 1st quarter. Freestone Capital Holdings LLC now owns 2,731 shares of the company's stock valued at $327,000 after acquiring an additional 337 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Mr. Cooper Group in the 1st quarter valued at $1,091,000. Russell Investments Group Ltd. lifted its position in Mr. Cooper Group by 7.8% in the 1st quarter. Russell Investments Group Ltd. now owns 36,293 shares of the company's stock valued at $4,341,000 after acquiring an additional 2,613 shares in the last quarter. Finally, Informed Momentum Co LLC bought a new stake in Mr. Cooper Group in the 1st quarter valued at $4,658,000. 89.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

COOP has been the topic of several research reports. Barclays boosted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Piper Sandler boosted 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 report on Tuesday, July 1st. Jefferies Financial Group boosted their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Finally, UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of "Hold" and a consensus target price of $140.38.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the transaction, the chief executive officer directly owned 663,187 shares in the company, valued at $115,872,032.64. The trade was a 4.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by corporate insiders.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $198.98 on Friday. The company's 50-day moving average price is $163.10 and its two-hundred day moving average price is $133.01. Mr. Cooper Group Inc has a one year low of $84.15 and a one year high of $203.42. The stock has a market capitalization of $12.73 billion, a PE ratio of 22.77 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.15). The firm had revenue of $608.00 million for the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.10 earnings per share. On average, analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.