Principal Financial Group Inc. trimmed its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Get Rating) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 431,148 shares of the company’s stock after selling 40,722 shares during the quarter. Principal Financial Group Inc. owned about 0.61% of Mr. Cooper Group worth $17,302,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MAI Capital Management grew its position in Mr. Cooper Group by 2.5% during the fourth quarter. MAI Capital Management now owns 9,503 shares of the company’s stock worth $381,000 after buying an additional 230 shares in the last quarter. Citigroup Inc. lifted its stake in Mr. Cooper Group by 33.9% during the fourth quarter. Citigroup Inc. now owns 57,534 shares of the company’s stock worth $2,309,000 after purchasing an additional 14,567 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Mr. Cooper Group by 41.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,776 shares of the company’s stock worth $794,000 after purchasing an additional 5,791 shares during the last quarter. UBS Group AG lifted its stake in Mr. Cooper Group by 405.5% during the fourth quarter. UBS Group AG now owns 33,869 shares of the company’s stock worth $1,359,000 after purchasing an additional 27,169 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Mr. Cooper Group by 74.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 128,872 shares of the company’s stock worth $5,172,000 after purchasing an additional 54,806 shares during the last quarter. 83.91% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on COOP. Wedbush reaffirmed an “outperform” rating on shares of Mr. Cooper Group in a research note on Monday, February 13th. Barclays boosted their target price on Mr. Cooper Group from $41.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, February 13th. Finally, Credit Suisse Group boosted their price target on Mr. Cooper Group from $57.00 to $59.00 in a report on Friday, May 12th.
Insider Activity at Mr. Cooper Group
Mr. Cooper Group Stock Up 0.8 %
Mr. Cooper Group stock opened at $45.92 on Tuesday. The company has a market capitalization of $3.12 billion, a P/E ratio of 11.17 and a beta of 1.56. Mr. Cooper Group Inc. has a twelve month low of $35.81 and a twelve month high of $48.50. The stock’s 50 day moving average is $42.73 and its 200 day moving average is $43.47.
Mr. Cooper Group Company Profile
Mr. Cooper Group, Inc engages in the provision of residential loan services. It operated through the following segments: Servicing, and Originations. The Servicing segment consists of collecting loan payments, remitting principal and interest payments to investors, managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance, performing loss mitigation activities on behalf of investors and otherwise administering mortgage loan servicing portfolio.
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