Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 38.1% in the fourth quarter, Holdings Channel reports. The fund owned 14,331 shares of the company’s stock after purchasing an additional 3,951 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mr. Cooper Group were worth $933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of Mr. Cooper Group by 3,552.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,753 shares of the company’s stock worth $109,000 after purchasing an additional 1,705 shares during the last quarter. CI Investments Inc. acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth about $158,000. SG Americas Securities LLC acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth about $198,000. AlphaMark Advisors LLC acquired a new stake in shares of Mr. Cooper Group during the 3rd quarter worth about $240,000. Finally, Strs Ohio increased its position in shares of Mr. Cooper Group by 24.3% during the 3rd quarter. Strs Ohio now owns 4,600 shares of the company’s stock worth $246,000 after purchasing an additional 900 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on COOP shares. Wedbush raised their price objective on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. 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. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday. Deutsche Bank Aktiengesellschaft raised their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays raised their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group currently has an average rating of “Moderate Buy” and an average target price of $82.22.

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $71.61, for a total value of $1,790,250.00. Following the completion of the transaction, the chief executive officer now owns 366,051 shares in the company, valued at approximately $26,212,912.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mr. Cooper Group news, President Michael S. Weinbach bought 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $71.61, for a total value of $1,790,250.00. Following the sale, the chief executive officer now owns 366,051 shares of the company’s stock, valued at approximately $26,212,912.11. The disclosure for this sale can be found here. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $78.73 on Monday. The stock has a 50-day simple moving average of $75.09 and a 200-day simple moving average of $66.81. The stock has a market capitalization of $5.10 billion, a PE ratio of 8.24 and a beta of 1.38. Mr. Cooper Group Inc. has a 1 year low of $41.74 and a 1 year high of $81.98.

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

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.