Voya Investment Management LLC Has $3.12 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Voya Investment Management LLC lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,470 shares of the company's stock after selling 8,674 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Mr. Cooper Group worth $3,117,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management raised its position in shares of Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after buying an additional 95 shares in the last quarter. Asset Planning Inc acquired a new position in Mr. Cooper Group during the fourth quarter valued at approximately $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group during the fourth quarter worth $51,000. Covestor Ltd boosted its holdings in shares of Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after purchasing an additional 599 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $120.58 on Friday. The firm has a 50 day moving average price of $112.15 and a two-hundred day moving average price of $103.26. The stock has a market cap of $7.72 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 52-week low of $78.20 and a 52-week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its 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 analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Mr. Cooper Group's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $2.73 EPS. Analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company'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 directly owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on COOP. JMP Securities restated 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. Barclays raised their price target 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. Piper Sandler cut shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods upped their price target on shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, Mr. Cooper Group 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.

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