Federated Hermes Inc. Increases Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Federated Hermes Inc. increased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 106.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,223 shares of the company’s stock after purchasing an additional 10,437 shares during the period. Federated Hermes Inc.’s holdings in Mr. Cooper Group were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of COOP. SG Americas Securities LLC acquired a new stake in shares of Mr. Cooper Group during the third quarter worth $198,000. Xponance Inc. grew its stake in Mr. Cooper Group by 47.1% during the 3rd quarter. Xponance Inc. now owns 5,837 shares of the company’s stock valued at $313,000 after purchasing an additional 1,868 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Mr. Cooper Group by 22.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock valued at $1,249,000 after acquiring an additional 4,211 shares during the last quarter. Bailard Inc. acquired a new stake in Mr. Cooper Group during the third quarter worth about $434,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mr. Cooper Group by 14.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,380 shares of the company’s stock valued at $556,000 after buying an additional 1,288 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Insider Activity at Mr. Cooper Group

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

Mr. Cooper Group Trading Up 0.6 %

NASDAQ:COOP opened at $79.24 on Tuesday. The company has a market cap of $5.13 billion, a P/E ratio of 8.30 and a beta of 1.38. Mr. Cooper Group Inc. has a twelve month low of $41.74 and a twelve month high of $81.98. The company’s 50-day moving average price is $75.21 and its 200-day moving average price is $66.98.

Mr. Cooper Group (NASDAQ:COOP) last released 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 company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. On average, analysts expect that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. 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 research report on Thursday, April 25th. Barclays boosted their price objective on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, Wedbush upped 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group has a consensus rating of “Moderate Buy” and an average target price of $82.22.

About Mr. Cooper Group

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.