Philadelphia Financial Management of San Francisco LLC Invests $4.05 Million in Mr. Cooper Group Inc $COOP

Key Points

• Philadelphia Financial Management of San Francisco LLC acquired 33,832 shares of Mr. Cooper Group Inc, valued at approximately $4,046,000, representing about 0.05% of the company.
• Multiple hedge funds have recently adjusted their positions in Mr. Cooper Group, with institutional investors now owning 89.82% of the company's stock.
• Analysts have set new target prices for Mr. Cooper Group, with the consensus price target currently at $140.38 and a consensus rating of "Hold."

Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 33,832 shares of the company's stock, valued at approximately $4,046,000. Philadelphia Financial Management of San Francisco LLC owned approximately 0.05% of Mr. Cooper Group at the end of the most recent quarter.

Several other large investors have also made changes to their positions in COOP. Park Avenue Securities LLC bought a new position in Mr. Cooper Group in the 1st quarter valued at approximately $1,684,000. Natixis Advisors LLC lifted its stake in Mr. Cooper Group by 9.6% in the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company's stock valued at $2,865,000 after purchasing an additional 2,093 shares during the last quarter. Independent Advisor Alliance bought a new position in Mr. Cooper Group in the 1st quarter valued at approximately $229,000. Assenagon Asset Management S.A. lifted its stake in Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after purchasing an additional 129,414 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Mr. Cooper Group in the 4th quarter valued at approximately $394,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the sale, the chief executive officer directly owned 633,187 shares in the company, valued at $115,512,304.41. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 90,000 shares of company stock worth $15,278,700 over the last ninety days. 2.33% of the stock is currently owned by company insiders.

Mr. Cooper Group Stock Up 0.9%

Shares of COOP stock traded up $1.97 during trading hours on Monday, hitting $215.08. 700,922 shares of the company's stock traded hands, compared to its average volume of 758,931. The stock's 50 day simple moving average is $173.39 and its 200 day simple moving average is $139.90. The stock has a market cap of $13.76 billion, a PE ratio of 24.61 and a beta of 0.97. Mr. Cooper Group Inc has a 12 month low of $84.15 and a 12 month high of $216.79.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a research note on Tuesday, August 5th. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group increased their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of "Hold" and an average price target of $140.38.

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.