Allworth Financial LP Has $51,000 Stock Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

Allworth Financial LP increased its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 24.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442 shares of the company’s stock after buying an additional 87 shares during the period. Allworth Financial LP’s holdings in Mr. Cooper Group were worth $51,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Mr. Cooper Group during the fourth quarter valued at about $72,984,000. 140 Summer Partners LP acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth about $69,959,000. Wellington Management Group LLP lifted its position in shares of Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock worth $109,346,000 after purchasing an additional 343,243 shares during the last quarter. Cercano Management LLC boosted its stake in Mr. Cooper Group by 66.5% during the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company’s stock valued at $75,920,000 after purchasing an additional 315,801 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Mr. Cooper Group by 14,148.0% in the 1st quarter. GAMMA Investing LLC now owns 311,319 shares of the company’s stock valued at $37,234,000 after buying an additional 309,134 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on COOP. Barclays upped their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. UBS Group reaffirmed a “neutral” rating and set a $156.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday. Citizens Jmp downgraded Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Piper Sandler boosted their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Finally, Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.14.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the sale, the chief executive officer owned 693,187 shares in the company, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.73% of the company’s stock.

Mr. Cooper Group Stock Up 1.5%

NASDAQ COOP opened at $150.43 on Friday. The company’s 50-day simple moving average is $140.07 and its 200 day simple moving average is $119.40. The stock has a market cap of $9.63 billion, a P/E ratio of 17.09, a PEG ratio of 0.43 and a beta of 1.05. Mr. Cooper Group Inc has a twelve month low of $80.35 and a twelve month high of $158.00.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. Mr. Cooper Group’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.73 EPS. Research analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Mr. Cooper Group Company 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.