Wellington Management Group LLP Has $109.40 Million Stock Holdings in Mr. Cooper Group Inc $COOP

Key Points

• Wellington Management Group LLP reduced its holdings in Mr. Cooper Group by 19.7%, owning approximately $109.4 million worth of the company's shares after selling 224,161 shares in the first quarter.
• Analysts have mixed ratings on Mr. Cooper Group, with four analysts giving it a Buy rating, while the consensus rating is a "Hold" with an average price target of $140.38.
• Mr. Cooper Group reported earnings per share (EPS) of $3.13 for the latest quarter, missing the consensus estimate, and had revenue of $608 million, below expectations of $669.23 million.

Wellington Management Group LLP decreased its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914,743 shares of the company's stock after selling 224,161 shares during the quarter. Wellington Management Group LLP owned about 1.43% of Mr. Cooper Group worth $109,403,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in COOP. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group during the 1st quarter worth approximately $26,000. Allworth Financial LP grew its stake in shares of Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after buying an additional 87 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth about $55,000. Kapitalo Investimentos Ltda bought a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Finally, CWM LLC lifted its holdings in Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company's stock valued at $93,000 after purchasing an additional 134 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COOP has been the topic of a number of research reports. UBS Group set a $176.00 price objective on Mr. Cooper Group in a report on Tuesday, August 5th. Piper Sandler raised their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Barclays boosted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Jefferies Financial Group raised their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of "Hold" and an average price target of $140.38.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $183.43 on Friday. The business has a fifty day moving average price of $161.99 and a two-hundred day moving average price of $132.16. The stock has a market capitalization of $11.74 billion, a PE ratio of 20.99 and a beta of 0.98. Mr. Cooper Group Inc has a fifty-two week low of $84.15 and a fifty-two week high of $203.42.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The business had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the previous year, the business posted $3.10 EPS. The company's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total value of $5,241,600.00. Following the sale, the chief executive officer directly owned 663,187 shares in the company, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.73% of the company's stock.

Mr. Cooper Group Company 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.

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