Nuveen Asset Management LLC Has $21.49 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Nuveen Asset Management LLC reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,812 shares of the company's stock after selling 9,077 shares during the period. Nuveen Asset Management LLC owned approximately 0.35% of Mr. Cooper Group worth $21,488,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 95 shares during the period. Williamson Legacy Group LLC grew its holdings in Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after acquiring an additional 118 shares during the period. Commonwealth Equity Services LLC increased its stake in Mr. Cooper Group by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after purchasing an additional 128 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock worth $333,000 after purchasing an additional 184 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after purchasing an additional 222 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of analyst reports. UBS Group lifted their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. 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. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Mr. Cooper Group Trading Up 0.1%

NASDAQ COOP traded up $0.08 during trading on Thursday, reaching $131.22. 118,834 shares of the company's stock were exchanged, compared to its average volume of 613,477. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $138.35. The firm has a market capitalization of $8.40 billion, a PE ratio of 12.90, a P/E/G ratio of 0.32 and a beta of 1.06. The company's fifty day simple moving average is $119.44 and its 200-day simple moving average is $107.37.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping 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 period last year, the company posted $2.73 EPS. The business's quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.