State of Wyoming Reduces Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

State of Wyoming trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 88.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 577 shares of the company's stock after selling 4,392 shares during the period. State of Wyoming's holdings in Mr. Cooper Group were worth $55,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in COOP. Barclays PLC grew its position in Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company's stock worth $12,170,000 after buying an additional 87,712 shares in the last quarter. Blue Trust Inc. increased its position in shares of Mr. Cooper Group by 94.2% in the fourth quarter. Blue Trust Inc. now owns 1,111 shares of the company's stock worth $102,000 after purchasing an additional 539 shares during the last quarter. KBC Group NV raised its stake in Mr. Cooper Group by 88.7% in the fourth quarter. KBC Group NV now owns 3,306 shares of the company's stock valued at $317,000 after purchasing an additional 1,554 shares in the last quarter. Penbrook Management LLC lifted its position in Mr. Cooper Group by 37.9% during the fourth quarter. Penbrook Management LLC now owns 15,725 shares of the company's stock valued at $1,510,000 after purchasing an additional 4,325 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in Mr. Cooper Group during the fourth quarter valued at approximately $1,480,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. UBS Group increased their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their target price for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Stock Down 2.6%

Shares of NASDAQ COOP traded down $3.39 during midday trading on Friday, reaching $129.34. The company had a trading volume of 675,013 shares, compared to its average volume of 618,993. The firm's fifty day moving average price is $120.39 and its 200-day moving average price is $107.78. The stock has a market cap of $8.28 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a one year low of $78.20 and a one year high of $138.35.

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 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 during the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the prior year, the firm posted $2.73 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.73% of the company's stock.

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.