Sig Brokerage LP Makes New Investment in Mr. Cooper Group Inc. (NASDAQ:COOP)

Sig Brokerage LP purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,215 shares of the company's stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in Mr. Cooper Group by 5.2% during the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after buying an additional 89,544 shares during the period. Wellington Management Group LLP grew its holdings in Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after purchasing an additional 343,243 shares during the period. Price T Rowe Associates Inc. MD increased its position in Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after purchasing an additional 125,897 shares during the last quarter. Northern Trust Corp raised its stake in Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock worth $80,204,000 after purchasing an additional 53,534 shares during the period. Finally, Cercano Management LLC grew its stake in shares of Mr. Cooper Group by 66.5% during the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after buying an additional 315,801 shares during the period. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Buying and Selling 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 stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.73% of the company's stock.

Mr. Cooper Group Trading Down 3.8%

Mr. Cooper Group stock traded down $5.00 during mid-day trading on Wednesday, hitting $126.66. 647,695 shares of the company's stock were exchanged, compared to its average volume of 869,400. Mr. Cooper Group Inc. has a 1-year low of $78.20 and a 1-year high of $138.35. The stock has a 50 day moving average of $116.30 and a two-hundred day moving average of $106.05. The stock has a market cap of $8.10 billion, a P/E ratio of 12.43, a P/E/G ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate 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 company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $2.73 earnings per share. As a group, research analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of research reports. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays increased their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. UBS Group lifted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. 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 research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.