Mr. Cooper Group Inc $COOP Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Mr. Cooper Group Inc (NASDAQ:COOP) by 7.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,293 shares of the company’s stock after purchasing an additional 2,613 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.06% of Mr. Cooper Group worth $4,341,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Allworth Financial LP boosted its position 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 valued at $51,000 after purchasing an additional 87 shares during the period. Sage Rhino Capital LLC boosted its position in shares of Mr. Cooper Group by 4.7% in the 1st quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company’s stock valued at $262,000 after purchasing an additional 98 shares during the period. Penbrook Management LLC boosted its position in shares of Mr. Cooper Group by 0.6% in the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock valued at $1,893,000 after purchasing an additional 100 shares during the period. CWM LLC raised its stake in 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 acquiring an additional 134 shares during the last quarter. Finally, MorganRosel Wealth Management LLC raised its stake 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 valued at $1,620,000 after acquiring an additional 154 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on COOP shares. Barclays upped their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Piper Sandler upped their price objective 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. Jefferies Financial Group upped their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 22nd. Finally, UBS Group set a $176.00 price objective on Mr. Cooper Group in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $140.38.

Mr. Cooper Group Trading Up 8.5%

Shares of COOP stock opened at $198.98 on Friday. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 22.77 and a beta of 0.98. The stock has a 50 day simple moving average of $163.10 and a 200-day simple moving average of $132.82. Mr. Cooper Group Inc has a 12-month low of $84.15 and a 12-month high of $203.42.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). The business had revenue of $608.00 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $3.10 earnings per share. On average, equities analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.73% of the company’s stock.

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.