Trueblood Wealth Management LLC Purchases New Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Trueblood Wealth Management LLC acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,822 shares of the company's stock, valued at approximately $218,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Asset Planning Inc purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $48,000. Autumn Glory Partners LLC purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $288,000. Blue Trust Inc. grew its holdings in shares of Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after purchasing an additional 222 shares during the period. Principal Financial Group Inc. grew its holdings 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 worth $34,924,000 after purchasing an additional 13,173 shares during the period. Finally, CIBC Asset Management Inc grew its holdings 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 worth $611,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 89.82% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of analyst reports. UBS Group upped their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays upped their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Stock Down 2.3%

Shares of COOP traded down $3.44 during trading on Friday, reaching $143.08. The company's stock had a trading volume of 529,606 shares, compared to its average volume of 645,545. The company has a fifty day moving average of $123.25 and a two-hundred day moving average of $110.45. Mr. Cooper Group Inc. has a twelve month low of $78.20 and a twelve month high of $147.13. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.32 and a beta of 1.03.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same period in the prior year, the company posted $2.73 EPS. Mr. Cooper Group's quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS 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.