329 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by Financial Management Professionals Inc.

by · The Cerbat Gem

Financial Management Professionals Inc. bought a new position in Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 329 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock worth $27,000 after purchasing an additional 331 shares during the last quarter. Quarry LP acquired a new stake in Mr. Cooper Group in the 2nd quarter worth approximately $29,000. CWM LLC lifted its holdings in Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares during the last quarter. Finally, Perkins Coie Trust Co acquired a new stake in Mr. Cooper Group in the 2nd quarter worth approximately $81,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Down 0.4 %

Shares of NASDAQ COOP opened at $88.52 on Monday. The business has a fifty day simple moving average of $91.98 and a 200 day simple moving average of $86.09. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 11.44 and a beta of 1.40. Mr. Cooper Group Inc. has a one year low of $54.07 and a one year high of $97.35.

Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The business had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. During the same period in the prior year, the company posted $2.79 earnings per share. Mr. Cooper Group’s revenue was up 32.8% on a year-over-year basis. On average, research analysts anticipate that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

COOP has been the subject of a number of research analyst reports. Compass Point upped their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday. Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday. Piper Sandler upped their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Barclays upped their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Get Our Latest Analysis on COOP

Mr. Cooper Group Company Profile

(Free Report)

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.

Featured Stories