ProShare Advisors LLC Increases Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

ProShare Advisors LLC grew its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 42.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,033 shares of the company's stock after purchasing an additional 5,703 shares during the period. ProShare Advisors LLC's holdings in Mr. Cooper Group were worth $1,827,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COOP. Norges Bank acquired a new stake in Mr. Cooper Group during the 4th quarter valued at $72,984,000. 140 Summer Partners LP acquired a new stake in Mr. Cooper Group in the fourth quarter valued at $69,959,000. Veridan Wealth LLC bought a new position in Mr. Cooper Group during the 4th quarter valued at $56,244,000. Wellington Management Group LLP grew its holdings in Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after acquiring an additional 343,243 shares in the last quarter. Finally, Cercano Management LLC increased its holdings in Mr. Cooper Group by 66.5% in the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after buying an additional 315,801 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Up 1.6%

COOP stock traded up $2.00 during midday trading on Friday, hitting $129.50. 690,692 shares of the company traded hands, compared to its average volume of 611,994. The business has a 50 day simple moving average of $117.83 and a 200-day simple moving average of $106.77. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $138.35. The stock has a market capitalization of $8.29 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The business 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 14.76% and a net margin of 30.07%. Mr. Cooper Group's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.73 EPS. Equities research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analysts Set New Price Targets

COOP has been the topic of a number of research reports. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. UBS Group upped their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. JMP Securities reissued a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays boosted their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average price target of $131.14.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.