Navellier & Associates Inc. Grows Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Navellier & Associates Inc. increased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,528 shares of the company’s stock after acquiring an additional 678 shares during the period. Navellier & Associates Inc.’s holdings in Mr. Cooper Group were worth $723,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its position in Mr. Cooper Group by 3.8% in the fourth quarter. CIBC Asset Management Inc now owns 6,366 shares of the company’s stock valued at $611,000 after purchasing an additional 232 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Mr. Cooper Group by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 363,752 shares of the company’s stock worth $34,924,000 after buying an additional 13,173 shares during the period. Blue Trust Inc. raised its holdings in Mr. Cooper Group by 38.8% during the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after buying an additional 222 shares during the last quarter. Autumn Glory Partners LLC purchased a new stake in Mr. Cooper Group during the 4th quarter valued at $288,000. Finally, Asset Planning Inc bought a new stake in Mr. Cooper Group in the 4th quarter worth $48,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.33% of the stock is currently owned by insiders.

Mr. Cooper Group Stock Up 1.2 %

NASDAQ COOP opened at $110.51 on Friday. The firm has a market capitalization of $7.07 billion, a PE ratio of 10.86, a P/E/G ratio of 0.32 and a beta of 1.43. The stock’s 50 day moving average is $100.78 and its 200 day moving average is $95.83. Mr. Cooper Group Inc. has a twelve month low of $70.01 and a twelve month high of $110.97.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating 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, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on COOP. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. UBS Group boosted their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Finally, Barclays lifted their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $112.22.

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.