SG Americas Securities LLC Increases Position in Mr. Cooper Group Inc (NASDAQ:COOP)

SG Americas Securities LLC lifted its position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 711.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,551 shares of the company's stock after acquiring an additional 9,251 shares during the quarter. SG Americas Securities LLC's holdings in Mr. Cooper Group were worth $1,262,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after acquiring an additional 222 shares during the period. Principal Financial Group Inc. grew its position in shares of Mr. Cooper Group by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 363,752 shares of the company's stock valued at $34,924,000 after acquiring an additional 13,173 shares during the period. CIBC Asset Management Inc grew its position in shares of Mr. Cooper Group by 3.8% during the 4th quarter. CIBC Asset Management Inc now owns 6,366 shares of the company's stock valued at $611,000 after acquiring an additional 232 shares during the period. Navellier & Associates Inc. increased its stake in shares of Mr. Cooper Group by 9.9% during the 4th quarter. Navellier & Associates Inc. now owns 7,528 shares of the company's stock worth $723,000 after purchasing an additional 678 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Mr. Cooper Group by 3.6% in the 4th quarter. QRG Capital Management Inc. now owns 7,644 shares of the company's stock worth $734,000 after purchasing an additional 263 shares during the period. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded up $5.03 during midday trading on Friday, reaching $149.60. 1,207,989 shares of the stock were exchanged, compared to its average volume of 653,998. Mr. Cooper Group Inc has a 52 week low of $78.20 and a 52 week high of $151.61. The firm has a market cap of $9.57 billion, a PE ratio of 17.02, a PEG ratio of 0.42 and a beta of 1.03. The company's fifty day moving average is $125.66 and its 200-day moving average is $111.61.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $2.73 earnings per share. On average, sell-side analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and boosted their target price for the company from $125.00 to $143.00 in a research note on Friday, April 4th. UBS Group increased their target price 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. Barclays lifted their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods boosted their target price 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. Three investment 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 currently has an average rating of "Moderate Buy" and a consensus price target of $131.14.

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.