Mr. Cooper Group Inc (NASDAQ:COOP) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Mr. Cooper Group Inc by 11.8%, now owning approximately 3.15% of the company valued at $240.8 million.
• Mr. Cooper Group recently reported earnings per share (EPS) of $3.13, missing analyst estimates by $0.15, with a revenue of $608 million for the last quarter.
• Analysts have varied ratings for Mr. Cooper Group, with Barclays and Piper Sandler raising target prices, while the consensus rating remains a "Hold."

Invesco Ltd. grew its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 11.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,013,536 shares of the company's stock after acquiring an additional 213,167 shares during the period. Invesco Ltd. owned about 3.15% of Mr. Cooper Group worth $240,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Mr. Cooper Group by 13.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after buying an additional 129,414 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mr. Cooper Group by 16.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after purchasing an additional 125,897 shares in the last quarter. Northern Trust Corp increased its stake in shares of Mr. Cooper Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock worth $80,204,000 after purchasing an additional 53,534 shares in the last quarter. Cercano Management LLC increased its stake in shares of Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after purchasing an additional 315,801 shares in the last quarter. Finally, 140 Summer Partners LP purchased a new stake in shares of Mr. Cooper Group in the 4th quarter worth $69,959,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Friday, August 1st. The shares were sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the transaction, the chief executive officer owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the topic of several recent analyst reports. Jefferies Financial Group lifted their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Mr. Cooper Group presently has an average rating of "Hold" and an average price target of $140.38.

Mr. Cooper Group Price Performance

NASDAQ COOP traded down $9.26 during trading on Thursday, hitting $193.60. The company's stock had a trading volume of 823,541 shares, compared to its average volume of 1,192,921. The company has a market cap of $12.39 billion, a PE ratio of 22.15 and a beta of 0.98. The business's 50 day simple moving average is $157.01 and its 200-day simple moving average is $129.32. Mr. Cooper Group Inc has a fifty-two week low of $84.15 and a fifty-two week high of $203.42.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). The company 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 company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.10 earnings per share. Analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal 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.