4,100 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by Jefferies Financial Group Inc.

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

A number of other hedge funds have also added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Mr. Cooper Group by 198.0% during the 3rd quarter. Barclays PLC now owns 132,017 shares of the company's stock valued at $12,170,000 after purchasing an additional 87,712 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in 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 in the last quarter. Dakota Wealth Management lifted its position 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 valued at $2,659,000 after buying an additional 181 shares in the last quarter. CX Institutional grew its stake in shares of Mr. Cooper Group by 3.7% during the 4th quarter. CX Institutional now owns 16,211 shares of the company's stock valued at $1,556,000 after acquiring an additional 579 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Mr. Cooper Group by 94.2% during the 4th quarter. Blue Trust Inc. now owns 1,111 shares of the company's stock valued at $102,000 after purchasing an additional 539 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on COOP. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays raised their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research report on Tuesday, April 8th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group has an average rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Stock Up 1.8%

COOP traded up $2.29 on Tuesday, hitting $131.66. The company had a trading volume of 861,886 shares, compared to its average volume of 601,732. The business's fifty day simple moving average is $115.65 and its 200 day simple moving average is $105.87. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $138.35. The company has a market cap of $8.42 billion, a PE ratio of 12.93, a PEG ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted 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 company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 EPS. On average, analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the business'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 transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12% decrease in their ownership of the stock. 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.

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.