Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Acquired by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,468 shares of the company’s stock after acquiring an additional 184 shares during the period. Quadrant Capital Group LLC’s holdings in Mr. Cooper Group were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in COOP. Verition Fund Management LLC purchased a new position in Mr. Cooper Group in the 3rd quarter valued at $201,000. HighTower Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at about $2,353,000. State Street Corp lifted its stake in shares of Mr. Cooper Group by 1.9% in the third quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after buying an additional 51,667 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Mr. Cooper Group during the third quarter worth about $290,000. Finally, EP Wealth Advisors LLC purchased a new stake in Mr. Cooper Group during the 3rd quarter valued at about $215,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Down 3.8 %

Shares of NASDAQ:COOP opened at $129.09 on Tuesday. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 12-month low of $74.49 and a 12-month high of $137.60. The business has a 50-day moving average price of $109.06 and a 200 day moving average price of $100.24.

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, beating 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, equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on COOP. JMP Securities reissued a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays lifted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. UBS Group upped their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Piper Sandler lowered Mr. Cooper Group from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $125.00 to $143.00 in a report on Friday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.78.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.33% of the stock is owned by insiders.

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.