Quantinno Capital Management LP Invests $298,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Quantinno Capital Management LP purchased a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,100 shares of the company's stock, valued at approximately $298,000.

Several other institutional investors also recently modified their holdings of COOP. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $1,603,000. JPMorgan Chase & Co. boosted its stake in shares of Mr. Cooper Group by 15.5% during the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after purchasing an additional 86,510 shares during the period. Spire Wealth Management purchased a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $1,480,000. F M Investments LLC purchased a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $313,000. Finally, Clark Capital Management Group Inc. boosted its stake in shares of Mr. Cooper Group by 40.7% during the fourth quarter. Clark Capital Management Group Inc. now owns 77,379 shares of the company's stock valued at $7,429,000 after purchasing an additional 22,367 shares during the period. 89.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on COOP shares. JMP Securities reissued a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Barclays raised their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. UBS Group raised 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. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Stock Performance

COOP stock traded up $1.59 on Thursday, reaching $132.73. The company's stock had a trading volume of 760,452 shares, compared to its average volume of 616,006. The business has a fifty day simple moving average of $119.44 and a two-hundred day simple moving average of $107.37. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $138.35. The firm has a market cap of $8.49 billion, a PE ratio of 13.04, a PEG ratio of 0.32 and a beta of 1.06.

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 the consensus estimate of $2.81 by $0.16. The business had revenue of $560.00 million during 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%. The company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $2.73 earnings per share. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

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.