Lazard Asset Management LLC Has $1.44 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Lazard Asset Management LLC decreased its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 57.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,959 shares of the company's stock after selling 20,177 shares during the period. Lazard Asset Management LLC's holdings in Mr. Cooper Group were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other 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 worth $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 acquired a new stake in Mr. Cooper Group in the fourth quarter valued at about $70,000. Covestor Ltd grew its position 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 acquiring an additional 599 shares during the last quarter. Finally, Blue Trust Inc. grew its position 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 acquiring an additional 222 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COOP. Barclays raised their price target 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. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. UBS Group raised their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Keefe, Bruyette & Woods upped their target price 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.73% of the stock is currently owned by company insiders.

Mr. Cooper Group Price Performance

NASDAQ COOP traded up $2.00 on Friday, reaching $129.50. The company had a trading volume of 690,692 shares, compared to its average volume of 611,994. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $138.35. The business has a 50 day moving average of $117.83 and a two-hundred day moving average of $106.77.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 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 firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the previous year, the company posted $2.73 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, research analysts predict 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.