BNP Paribas Financial Markets Has $832,000 Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

BNP Paribas Financial Markets lessened its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 59.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,667 shares of the company's stock after selling 12,878 shares during the quarter. BNP Paribas Financial Markets' holdings in Mr. Cooper Group were worth $832,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after acquiring an additional 4,863 shares during the period. KLP Kapitalforvaltning AS bought a new position in Mr. Cooper Group in the 4th quarter valued at about $1,603,000. JPMorgan Chase & Co. grew its position in Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after buying an additional 86,510 shares in the last quarter. Spire Wealth Management bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $1,480,000. Finally, F M Investments LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $313,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on COOP shares. Keefe, Bruyette & Woods raised their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. UBS Group upped their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a 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. Finally, JMP Securities reissued 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by insiders.

Mr. Cooper Group Trading Up 1.6%

Shares of Mr. Cooper Group stock traded up $2.00 on Friday, reaching $129.50. 690,692 shares of the company were exchanged, compared to its average volume of 611,994. The stock has a fifty day moving average price of $117.83 and a 200-day moving average price of $106.77. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth 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.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Mr. Cooper Group's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.73 earnings per share. On average, equities analysts anticipate 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.