33,832 Shares in Mr. Cooper Group Inc $COOP Bought by Philadelphia Financial Management of San Francisco LLC

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

Several other large investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Mr. Cooper Group by 11.8% during the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock valued at $240,819,000 after purchasing an additional 213,167 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Mr. Cooper Group by 13.9% during the first 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. No Street GP LP lifted its holdings in shares of Mr. Cooper Group by 29.4% during the fourth quarter. No Street GP LP now owns 550,000 shares of the company's stock valued at $52,806,000 after purchasing an additional 125,000 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mr. Cooper Group by 2.1% during the first quarter. Principal Financial Group Inc. now owns 371,551 shares of the company's stock valued at $44,437,000 after purchasing an additional 7,799 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Mr. Cooper Group by 14,148.0% during the first quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock valued at $37,234,000 after purchasing an additional 309,134 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on COOP shares. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Jefferies Financial Group boosted their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Barclays boosted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, UBS Group set a $176.00 target price on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of "Hold" and a consensus price target of $140.38.

Mr. Cooper Group Stock Performance

Shares of COOP stock traded up $13.24 during mid-day trading on Thursday, reaching $231.24. 794,077 shares of the company's stock traded hands, compared to its average volume of 973,484. Mr. Cooper Group Inc has a 12 month low of $84.68 and a 12 month high of $234.73. The firm has a 50 day moving average price of $175.94 and a two-hundred day moving average price of $140.96. The firm has a market capitalization of $14.80 billion, a PE ratio of 26.47 and a beta of 0.98.

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

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the completion of the transaction, the chief executive officer owned 633,187 shares of the company's stock, valued at approximately $115,512,304.41. This represents a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 90,000 shares of company stock valued at $15,278,700. Corporate insiders own 1.73% of the company's stock.

Mr. Cooper Group 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.