Principal Financial Group Inc. Has $44.44 Million Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Principal Financial Group Inc. lifted its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 2.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,551 shares of the company's stock after buying an additional 7,799 shares during the period. Principal Financial Group Inc. owned about 0.58% of Mr. Cooper Group worth $44,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of COOP. Assetmark Inc. raised its holdings in shares of Mr. Cooper Group by 4.9% in the 4th quarter. Assetmark Inc. now owns 11,668 shares of the company's stock worth $1,120,000 after buying an additional 541 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $4,081,000. Amundi raised its holdings in shares of Mr. Cooper Group by 507.7% in the 4th quarter. Amundi now owns 69,974 shares of the company's stock worth $6,545,000 after buying an additional 58,459 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Mr. Cooper Group by 5.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,449 shares of the company's stock worth $1,483,000 after buying an additional 827 shares in the last quarter. Finally, Moran Wealth Management LLC raised its holdings in shares of Mr. Cooper Group by 17.4% in the 4th quarter. Moran Wealth Management LLC now owns 2,557 shares of the company's stock worth $245,000 after buying an additional 379 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COOP. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Barclays increased their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. UBS Group increased their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, Piper Sandler increased their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of "Moderate Buy" and a consensus target price of $133.29.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $150.95 on Monday. The firm has a market cap of $9.66 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. Mr. Cooper Group Inc has a one year low of $78.20 and a one year high of $158.00. The stock's 50 day simple moving average is $134.19 and its 200 day simple moving average is $116.07.

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, beating analysts' consensus estimates of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $2.73 EPS. As a group, equities analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares in the company, valued at approximately $105,461,470.18. This trade represents a 4.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.33% 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.

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