First Trust Advisors LP Raises Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

First Trust Advisors LP boosted its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,924 shares of the company's stock after purchasing an additional 11,502 shares during the period. First Trust Advisors LP owned approximately 0.19% of Mr. Cooper Group worth $11,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Mr. Cooper Group by 9,175.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after buying an additional 4,863 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Mr. Cooper Group in the fourth quarter worth $1,603,000. World Investment Advisors LLC bought a new stake in shares of Mr. Cooper Group during the third quarter worth $2,537,000. 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. Finally, Spire Wealth Management bought a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,480,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Transactions 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 that occurred 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 completion of the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Price Performance

NASDAQ COOP traded up $0.40 during midday trading on Friday, hitting $120.00. 264,642 shares of the company traded hands, compared to its average volume of 571,657. The company has a market cap of $7.68 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 52 week low of $77.54 and a 52 week high of $137.60. The company's 50-day simple moving average is $111.96 and its 200-day simple moving average is $103.09.

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 for the quarter, beating 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 14.76% and a net margin of 30.07%. The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 earnings per share. On average, research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

COOP has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their target price for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays raised their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Mr. Cooper Group 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.