Barclays PLC Sells 3,488 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Barclays PLC reduced its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,529 shares of the company's stock after selling 3,488 shares during the quarter. Barclays PLC owned about 0.20% of Mr. Cooper Group worth $12,340,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after buying an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $1,603,000. World Investment Advisors LLC bought a new position in shares of Mr. Cooper Group during the 3rd quarter valued at about $2,537,000. Spire Wealth Management acquired a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $1,480,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after purchasing an additional 86,510 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Trading Up 0.2 %

NASDAQ COOP traded up $0.29 during trading on Friday, reaching $116.72. 400,482 shares of the company's stock were exchanged, compared to its average volume of 569,520. Mr. Cooper Group Inc. has a fifty-two week low of $76.85 and a fifty-two week high of $137.60. The company's fifty day simple moving average is $111.25 and its 200-day simple moving average is $102.45. The firm has a market capitalization of $7.47 billion, a PE ratio of 11.47, a P/E/G ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Activity at Mr. Cooper Group

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 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. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COOP has been the topic of several recent research reports. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price target for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. JMP Securities restated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. UBS Group upped their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Barclays increased their price target 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. Finally, Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $131.14.

Mr. Cooper Group 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.