LPL Financial LLC Purchases 4,048 Shares of Mr. Cooper Group Inc $COOP

LPL Financial LLC lifted its position in Mr. Cooper Group Inc (NASDAQ:COOP) by 27.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,005 shares of the company’s stock after purchasing an additional 4,048 shares during the quarter. LPL Financial LLC’s holdings in Mr. Cooper Group were worth $2,273,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after purchasing an additional 87 shares during the last quarter. Sage Rhino Capital LLC lifted its position in Mr. Cooper Group by 4.7% during the 1st quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company’s stock worth $262,000 after buying an additional 98 shares in the last quarter. Penbrook Management LLC lifted its position in Mr. Cooper Group by 0.6% during the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock worth $1,893,000 after buying an additional 100 shares in the last quarter. CWM LLC lifted its position in Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company’s stock worth $93,000 after buying an additional 134 shares in the last quarter. Finally, MorganRosel Wealth Management LLC lifted its position in Mr. Cooper Group by 1.2% during the 1st quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company’s stock worth $1,620,000 after buying an additional 154 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the 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 completion of the sale, the chief executive officer directly owned 663,187 shares of the company’s stock, valued at approximately $115,872,032.64. This represents a 4.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Trading Down 3.0%

Shares of NASDAQ:COOP opened at $185.53 on Tuesday. The stock has a market capitalization of $11.87 billion, a P/E ratio of 21.23 and a beta of 0.98. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $203.42. The business has a 50-day moving average price of $159.28 and a two-hundred day moving average price of $130.81.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.15). The firm had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.10 earnings per share. As a group, equities analysts predict that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Analysts Set New Price Targets

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

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.