US Bancorp DE Increases Stock Holdings in Mr. Cooper Group Inc (NASDAQ:COOP)

US Bancorp DE lifted its stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 11.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,073 shares of the company’s stock after buying an additional 428 shares during the period. US Bancorp DE’s holdings in Mr. Cooper Group were worth $487,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in Mr. Cooper Group in the first quarter worth $26,000. Allworth Financial LP lifted its position in shares of Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after buying an additional 87 shares during the last quarter. USA Financial Formulas purchased a new position in shares of Mr. Cooper Group during the 1st quarter valued at $55,000. Kapitalo Investimentos Ltda purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at $70,000. Finally, CWM LLC lifted its position in shares of Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company’s stock valued at $93,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $191.75 on Wednesday. The company has a market capitalization of $12.27 billion, a PE ratio of 21.94 and a beta of 0.98. The business’s fifty day moving average is $154.32 and its 200 day moving average is $128.21. Mr. Cooper Group Inc has a fifty-two week low of $84.15 and a fifty-two week high of $193.94.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The business had revenue of $608.00 million during the quarter, compared to analysts’ expectations of $669.23 million. During the same quarter in the previous year, the firm earned $3.10 earnings per share. Mr. Cooper Group’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on COOP. Barclays upped their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Piper Sandler upped their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Jefferies Financial Group upped their price target on Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Finally, UBS Group set a $176.00 price target on Mr. Cooper Group in a research report on Tuesday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.38.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the sale, the chief executive officer directly owned 663,187 shares of the company’s stock, valued at $115,872,032.64. The trade was a 4.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.33% of the stock is owned by insiders.

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.