Mr. Cooper Group Inc. (NASDAQ:COOP) Stock Holdings Boosted by LSV Asset Management

LSV Asset Management increased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,000 shares of the company’s stock after purchasing an additional 31,300 shares during the quarter. LSV Asset Management owned about 0.20% of Mr. Cooper Group worth $8,661,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Triasima Portfolio Management inc. acquired a new position in shares of Mr. Cooper Group during the 4th quarter valued at $1,354,000. Cercano Management LLC acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $23,527,000. Vanguard Group Inc. boosted its position in shares of Mr. Cooper Group by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock valued at $387,467,000 after purchasing an additional 77,838 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Mr. Cooper Group by 12.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after purchasing an additional 182,014 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Mr. Cooper Group by 383.5% in the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after purchasing an additional 116,360 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wedbush lifted their price target on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Barclays boosted their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Finally, Jefferies Financial Group raised their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.22.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the sale, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at $24,395,826.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Michael S. Weinbach bought 17,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now owns 17,000 shares of the company’s stock, valued at $1,209,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the completion of the sale, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at approximately $24,395,826.49. The disclosure for this sale can be found here. Insiders sold 75,000 shares of company stock valued at $5,712,250 over the last quarter. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Up 0.6 %

NASDAQ:COOP opened at $81.77 on Wednesday. Mr. Cooper Group Inc. has a 12 month low of $42.07 and a 12 month high of $82.82. The company’s 50 day moving average is $76.04 and its 200-day moving average is $68.03. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 8.56 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The business had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Research analysts predict that Mr. Cooper Group Inc. will post 9.48 EPS for the current fiscal year.

About Mr. Cooper Group

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.