Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 835,369 shares of the company's stock after acquiring an additional 53,534 shares during the period. Northern Trust Corp owned 1.31% of Mr. Cooper Group worth $80,204,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of COOP. MassMutual Private Wealth & Trust FSB grew its position in Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock worth $472,000 after purchasing an additional 4,863 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group in the 4th quarter valued at about $1,603,000. JPMorgan Chase & Co. raised its stake in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after acquiring an additional 86,510 shares during the last quarter. Spire Wealth Management acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $1,480,000. Finally, Range Financial Group LLC purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at approximately $1,091,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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 on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction 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 approximately $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler downgraded 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 report on Friday, April 4th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays increased their price target 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. Keefe, Bruyette & Woods lifted their price objective 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. Finally, UBS Group raised their price target on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.14.

Mr. Cooper Group Price Performance

COOP opened at $117.54 on Tuesday. The stock's 50 day simple moving average is $112.28 and its 200 day simple moving average is $103.51. The stock has a market cap of $7.52 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 1-year low of $78.20 and a 1-year high of $137.60.

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 (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.16. The business had revenue of $560.00 million during 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 business's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.73 EPS. Research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

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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