Wealthfront Advisers LLC acquired a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 102,019 shares of the company's stock, valued at approximately $9,795,000. Wealthfront Advisers LLC owned about 0.16% of Mr. Cooper Group as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd increased its stake in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after acquiring an additional 270 shares during the period. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Blue Trust Inc. grew its position in Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock worth $76,000 after buying an additional 222 shares during the period. Finally, Sage Rhino Capital LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter valued at $201,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ COOP traded up $1.45 during mid-day trading on Wednesday, hitting $100.67. The company's stock had a trading volume of 781,760 shares, compared to its average volume of 580,608. The firm has a market capitalization of $6.40 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 52-week low of $72.00 and a 52-week high of $114.05. The stock's fifty day simple moving average is $103.96 and its two-hundred day simple moving average is $97.55.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.
In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.33% of the company's stock.
A number of equities analysts have recently weighed in on COOP shares. Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, February 13th. Piper Sandler lifted their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Barclays upped their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $112.22.
Get Our Latest Stock Analysis on 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.
Before you consider Mr. Cooper Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mr. Cooper Group wasn't on the list.
While Mr. Cooper Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.