Mr. Cooper Group Inc $COOP Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its shareholding in Mr. Cooper Group Inc by 4.5%, bringing its total share count to 37,561, valued at approximately $4.5 million.
• Mr. Cooper Group's stock is currently priced at $219.70, with a recent earnings report revealing a EPS of $3.13, which fell short of analyst expectations of $3.28.
• Recent analyst reports have varied recommendations on Mr. Cooper Group, with four analysts giving a Buy rating and five giving a Hold rating, as the average target price is set at $140.38.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 4.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,561 shares of the company's stock after buying an additional 1,631 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Mr. Cooper Group worth $4,492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the company. HGC Investment Management Inc. purchased a new stake in shares of Mr. Cooper Group in the first quarter valued at about $1,196,000. Clark Capital Management Group Inc. boosted its stake in Mr. Cooper Group by 16.4% during the first quarter. Clark Capital Management Group Inc. now owns 90,044 shares of the company's stock worth $10,769,000 after buying an additional 12,665 shares during the period. TIG Advisors LLC purchased a new position in Mr. Cooper Group during the first quarter worth about $4,853,000. Maverick Capital Ltd. boosted its stake in Mr. Cooper Group by 102.4% during the first quarter. Maverick Capital Ltd. now owns 6,629 shares of the company's stock worth $793,000 after buying an additional 3,354 shares during the period. Finally, Royal Bank of Canada boosted its stake in Mr. Cooper Group by 37.1% during the first quarter. Royal Bank of Canada now owns 47,827 shares of the company's stock worth $5,720,000 after buying an additional 12,954 shares during the period. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the completion of the sale, the chief executive officer owned 633,187 shares in the company, valued at $115,512,304.41. This represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 90,000 shares of company stock valued at $15,278,700. 1.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Mr. Cooper Group Stock Performance

NASDAQ COOP traded down $4.02 during trading hours on Tuesday, hitting $215.79. The company had a trading volume of 355,345 shares, compared to its average volume of 968,063. Mr. Cooper Group Inc has a 1-year low of $84.68 and a 1-year high of $234.73. The business has a 50 day moving average of $180.21 and a 200-day moving average of $143.66. The company has a market cap of $13.81 billion, a PE ratio of 24.69 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The business had revenue of $608.00 million during the quarter, compared to analysts' expectations of $669.23 million. During the same quarter last year, the company earned $3.10 EPS. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal 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.