42,508 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 42,508 shares of the company’s stock, valued at approximately $4,081,000. Raymond James Financial Inc. owned approximately 0.07% of Mr. Cooper Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COOP. Assetmark Inc. grew its stake in Mr. Cooper Group by 4.9% during the fourth quarter. Assetmark Inc. now owns 11,668 shares of the company’s stock valued at $1,120,000 after acquiring an additional 541 shares in the last quarter. Sage Rhino Capital LLC bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $201,000. Williamson Legacy Group LLC grew its position in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after purchasing an additional 118 shares in the last quarter. Veridan Wealth LLC bought a new stake in shares of Mr. Cooper Group in the fourth quarter worth about $56,244,000. Finally, QRG Capital Management Inc. lifted its position in shares of Mr. Cooper Group by 3.6% in the fourth quarter. QRG Capital Management Inc. now owns 7,644 shares of the company’s stock worth $734,000 after buying an additional 263 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on COOP. UBS Group raised their price target 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 boosted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Barclays increased their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JMP Securities reissued a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $112.22.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares of the company’s stock, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Trading Up 0.3 %

Shares of NASDAQ:COOP opened at $107.95 on Thursday. Mr. Cooper Group Inc. has a 12 month low of $74.49 and a 12 month high of $114.05. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 0.32 and a beta of 1.49. The firm’s 50-day moving average is $105.90 and its 200 day moving average is $98.39.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 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.