Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 56,342 Mr. Cooper Group Inc. (NASDAQ:COOP)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 56,342 shares of the company's stock, valued at approximately $5,409,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Mr. Cooper Group at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $394,000. Integrated Advisors Network LLC bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $322,000. Vise Technologies Inc. boosted its holdings in shares of Mr. Cooper Group by 8.7% in the fourth quarter. Vise Technologies Inc. now owns 3,643 shares of the company's stock valued at $350,000 after acquiring an additional 292 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Mr. Cooper Group by 20.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 125,577 shares of the company's stock valued at $12,057,000 after acquiring an additional 21,173 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $475,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COOP shares. Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. UBS Group raised their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Barclays raised their target price on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of 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 assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.73% of the company's stock.

Mr. Cooper Group Stock Down 2.6%

Shares of COOP traded down $3.39 during mid-day trading on Friday, reaching $129.34. The company's stock had a trading volume of 675,013 shares, compared to its average volume of 619,800. Mr. Cooper Group Inc. has a 1 year low of $78.20 and a 1 year high of $138.35. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 12.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The business has a fifty day moving average of $120.39 and a 200 day moving average of $107.93.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Mr. Cooper Group's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $2.73 EPS. On average, analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

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.