Mackenzie Financial Corp Reduces Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Mackenzie Financial Corp lowered its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 63.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,097 shares of the company's stock after selling 7,109 shares during the quarter. Mackenzie Financial Corp's holdings in Mr. Cooper Group were worth $393,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Mr. Cooper Group by 5.2% during the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after purchasing an additional 89,544 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after acquiring an additional 125,897 shares during the last quarter. Northern Trust Corp raised its stake in Mr. Cooper Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after purchasing an additional 53,534 shares during the last quarter. Finally, Cercano Management LLC lifted its stake in shares of Mr. Cooper Group by 66.5% in the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock worth $75,920,000 after buying an additional 315,801 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

Shares of COOP stock traded down $0.83 during trading on Friday, reaching $131.23. The company's stock had a trading volume of 338,099 shares, compared to its average volume of 630,174. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 1-year low of $78.20 and a 1-year high of $139.23. The stock's 50-day moving average price is $122.05 and its 200 day moving average price is $108.71.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $2.73 EPS. On average, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on COOP. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. UBS Group increased their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays increased their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Company 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.