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

Sig Brokerage LP acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,215 shares of the company's stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 buying an additional 4,863 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Mr. Cooper Group during the fourth quarter worth about $1,603,000. JPMorgan Chase & Co. raised its stake in Mr. Cooper Group by 15.5% during the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after acquiring an additional 86,510 shares during the period. Spire Wealth Management acquired a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $1,480,000. Finally, F M Investments LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter valued at approximately $313,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COOP has been the topic of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays lifted their price objective on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Finally, UBS Group lifted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.33% of the stock is currently owned by insiders.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $129.71 on Friday. The firm's 50-day moving average is $114.42 and its 200-day moving average is $105.08. Mr. Cooper Group Inc. has a 52-week low of $78.20 and a 52-week high of $137.60. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 12.74, 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 (EPS) for the quarter, topping 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 net margin of 30.07% and a return on equity of 14.76%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.73 EPS. Equities analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current 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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