Cetera Investment Advisers Has $1.25 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Cetera Investment Advisers boosted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 57.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,031 shares of the company’s stock after purchasing an additional 4,750 shares during the quarter. Cetera Investment Advisers’ holdings in Mr. Cooper Group were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of COOP. KLP Kapitalforvaltning AS acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at approximately $1,603,000. JPMorgan Chase & Co. increased its position in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock worth $61,846,000 after buying an additional 86,510 shares during the period. Spire Wealth Management bought a new position in Mr. Cooper Group during the 4th quarter worth $1,480,000. F M Investments LLC bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $313,000. Finally, Wealthfront Advisers LLC bought a new position in shares of Mr. Cooper Group in the fourth quarter worth $9,795,000. 89.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COOP. JMP Securities reaffirmed 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. UBS Group raised their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a report on Tuesday, April 8th. Citizens Jmp downgraded Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus price target of $131.14.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $127.50 on Friday. Mr. Cooper Group Inc. has a one year low of $78.20 and a one year high of $138.35. The business’s fifty day moving average price is $117.30 and its 200-day moving average price is $106.44. The stock has a market capitalization of $8.16 billion, a PE ratio of 12.52, a P/E/G ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 EPS. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.73% of the company’s stock.

Mr. Cooper Group Profile

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.