Financial Counselors Inc. Takes $467,000 Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Financial Counselors Inc. purchased a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) during the 4th quarter, Holdings Channel reports. The fund purchased 4,863 shares of the company’s stock, valued at approximately $467,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management grew its stake in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares during the period. Asset Planning Inc bought a new position in Mr. Cooper Group in the fourth quarter worth approximately $48,000. ORG Partners LLC purchased a new position in Mr. Cooper Group during the 4th quarter worth $51,000. Finally, Blue Trust Inc. raised its position in Mr. Cooper Group by 38.8% during 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 in the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated 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 sale, the chief executive officer now owns 698,821 shares of the company’s stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on COOP shares. JMP Securities reissued a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group increased their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays lifted their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mr. Cooper Group has an average rating of “Moderate Buy” and a consensus target price of $112.22.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $104.49 on Friday. Mr. Cooper Group Inc. has a one year low of $74.49 and a one year high of $114.05. The stock has a market cap of $6.65 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. The stock has a 50-day moving average of $106.03 and a two-hundred day moving average of $98.57.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

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.