Jefferies Financial Group Inc. Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Jefferies Financial Group Inc. bought a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,100 shares of the company's stock, valued at approximately $394,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Picton Mahoney Asset Management raised its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Williamson Legacy Group LLC increased its position in Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Mr. Cooper Group by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after purchasing an additional 128 shares during the last quarter. Dakota Wealth Management raised its stake in shares of Mr. Cooper Group by 0.7% during the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after purchasing an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Mr. Cooper Group by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after buying an additional 184 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on COOP shares. Barclays boosted 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. JMP Securities reissued a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Keefe, Bruyette & Woods raised their price target 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. Finally, Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group Trading Down 0.7%

Mr. Cooper Group stock traded down $0.90 during trading hours on Thursday, reaching $124.60. 172,566 shares of the company were exchanged, compared to its average volume of 604,853. Mr. Cooper Group Inc. has a 12 month low of $78.20 and a 12 month high of $138.35. The stock has a 50-day moving average of $116.78 and a 200 day moving average of $106.19. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.32 and a beta of 1.06.

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, topping analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to analysts' expectations 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 period in the previous year, the company earned $2.73 earnings per share. As a group, research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The stock was 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 directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.