3,529 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by Focus Partners Wealth

Focus Partners Wealth bought a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,529 shares of the company's stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth $48,000. Kapitalo Investimentos Ltda bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth $70,000. Covestor Ltd boosted its stake in shares of Mr. Cooper Group by 418.9% during the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after acquiring an additional 599 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after acquiring an additional 222 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mr. Cooper Group

In other 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 value of $3,367,200.00. Following the transaction, 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 can be accessed through this link. 1.73% of the stock is currently owned by insiders.

Mr. Cooper Group Trading Up 1.6%

NASDAQ COOP traded up $2.00 during trading on Friday, reaching $129.50. 690,692 shares of the company's stock were exchanged, compared to its average volume of 611,994. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $138.35. The firm has a market capitalization of $8.29 billion, a PE ratio of 12.72, a P/E/G ratio of 0.32 and a beta of 1.06. The company's fifty day simple moving average is $117.83 and its 200-day simple moving average is $106.77.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. During the same period last year, the company posted $2.73 EPS. The business's quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COOP shares. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price target 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 boosted their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a 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's stock. According to data from MarketBeat.com, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and an average price target 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.