Focus Partners Wealth Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

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

Several other hedge funds also recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% in 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 purchased a new position in Mr. Cooper Group in the fourth quarter valued at approximately $48,000. Kapitalo Investimentos Ltda purchased a new position in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Covestor Ltd increased its stake in Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after purchasing an additional 599 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COOP shares. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Barclays boosted their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. 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 research report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business'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. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Price Performance

Shares of COOP traded up $3.69 during mid-day trading on Tuesday, reaching $133.19. 935,822 shares of the company's stock were exchanged, compared to its average volume of 613,290. The business's fifty day simple moving average is $118.90 and its 200-day simple moving average is $107.21. Mr. Cooper Group Inc. has a 52-week low of $78.20 and a 52-week high of $138.35. The stock has a market capitalization of $8.52 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

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

Mr. Cooper Group Company 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.