Williamson Legacy Group LLC Acquires 118 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Williamson Legacy Group LLC boosted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,835 shares of the company’s stock after acquiring an additional 118 shares during the period. Williamson Legacy Group LLC’s holdings in Mr. Cooper Group were worth $1,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Veridan Wealth LLC bought a new position in Mr. Cooper Group during the fourth quarter worth about $56,244,000. QRG Capital Management Inc. lifted its holdings in shares of Mr. Cooper Group by 3.6% in the fourth quarter. QRG Capital Management Inc. now owns 7,644 shares of the company’s stock valued at $734,000 after purchasing an additional 263 shares in the last quarter. Navellier & Associates Inc. lifted its holdings in shares of Mr. Cooper Group by 9.9% in the fourth quarter. Navellier & Associates Inc. now owns 7,528 shares of the company’s stock valued at $723,000 after purchasing an additional 678 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Mr. Cooper Group by 3.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,366 shares of the company’s stock valued at $611,000 after purchasing an additional 232 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Mr. Cooper Group by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 363,752 shares of the company’s stock valued at $34,924,000 after purchasing an additional 13,173 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the transaction, the chief executive officer now owns 788,821 shares of the company’s stock, valued at $76,973,153.18. The trade was a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Up 0.8 %

Shares of NASDAQ COOP opened at $112.37 on Friday. The business’s 50 day moving average price is $102.29 and its two-hundred day moving average price is $96.65. The company has a market cap of $7.15 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a twelve month low of $70.01 and a twelve month high of $112.99.

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

Analyst Ratings Changes

A number of brokerages have recently commented on COOP. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. UBS Group boosted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Piper Sandler boosted their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $112.22.

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.