Livforsakringsbolaget Skandia Omsesidigt Purchases Shares of 15,700 Mr. Cooper Group Inc. (NASDAQ:COOP)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 15,700 shares of the company's stock, valued at approximately $1,877,000.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in Mr. Cooper Group during the fourth quarter worth approximately $1,603,000. Jefferies Financial Group Inc. bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $394,000. JPMorgan Chase & Co. grew its holdings in shares of Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after purchasing an additional 86,510 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Mr. Cooper Group during the 1st quarter worth $1,684,000. Finally, Quantinno Capital Management LP bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $298,000. Institutional investors own 89.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on COOP shares. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. UBS Group increased their price target 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. 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. JMP Securities restated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Trading Down 2.3%

Mr. Cooper Group stock traded down $3.44 during mid-day trading on Friday, reaching $143.08. The company had a trading volume of 529,606 shares, compared to its average volume of 643,911. The business has a fifty day simple moving average of $123.25 and a 200 day simple moving average of $110.36. The company has a market cap of $9.15 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.32 and a beta of 1.03. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $147.13.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $620.57 million. During the same quarter last year, the business posted $2.73 EPS. Mr. Cooper Group's revenue for the quarter was down .7% on a year-over-year basis. Research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS 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.