Barclays PLC Has $12.17 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Barclays PLC lifted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 198.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 132,017 shares of the company’s stock after purchasing an additional 87,712 shares during the period. Barclays PLC owned 0.21% of Mr. Cooper Group worth $12,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. CWM LLC increased its holdings in shares of Mr. Cooper Group by 34.5% in the second quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. Aristeia Capital L.L.C. raised its position in Mr. Cooper Group by 4.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock worth $341,000 after purchasing an additional 169 shares during the last quarter. Truist Financial Corp lifted its holdings in Mr. Cooper Group by 1.6% during the 2nd quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after buying an additional 187 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in Mr. Cooper Group by 4.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,236 shares of the company’s stock valued at $425,000 after buying an additional 211 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COOP. Barclays boosted their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Finally, Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and an average price target of $100.57.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.33% of the stock is owned by insiders.

Mr. Cooper Group Trading Up 1.6 %

COOP stock opened at $96.84 on Monday. Mr. Cooper Group Inc. has a 1-year low of $61.38 and a 1-year high of $103.05. The firm has a market cap of $6.20 billion, a PE ratio of 12.51 and a beta of 1.41. The business’s 50-day moving average price is $95.31 and its two-hundred day moving average price is $90.01.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.30. The business had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. Mr. Cooper Group’s quarterly revenue was up 32.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.79 EPS. On average, analysts forecast that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

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.