Jefferies Financial Group Inc. Takes Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Jefferies Financial Group Inc. purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,100 shares of the company's stock, valued at approximately $394,000.

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

Analysts Set New Price Targets

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

Mr. Cooper Group Stock Performance

Shares of COOP stock traded down $1.52 during trading hours on Wednesday, reaching $130.07. The company had a trading volume of 1,047,686 shares, compared to its average volume of 625,972. The stock's fifty day simple moving average is $121.80 and its 200 day simple moving average is $108.47. The company has a market capitalization of $8.32 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $138.35.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating 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 company had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same period last year, the business posted $2.73 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

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.