Asset Planning Inc Takes Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Asset Planning Inc acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 500 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Mr. Cooper Group by 9,175.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after purchasing an additional 4,863 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mr. Cooper Group by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after purchasing an additional 52,001 shares during the last quarter. Cynosure Group LLC purchased a new stake in Mr. Cooper Group during the third quarter valued at approximately $730,000. World Investment Advisors LLC bought a new position in Mr. Cooper Group in the third quarter worth approximately $2,537,000. Finally, FMR LLC raised its position in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after acquiring an additional 145,767 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mr. Cooper Group

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 shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Piper Sandler increased their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Compass Point increased their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.38.

Mr. Cooper Group Price Performance

Shares of COOP stock opened at $107.86 on Friday. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 0.31 and a beta of 1.43. Mr. Cooper Group Inc. has a one year low of $70.01 and a one year high of $109.72. The company’s fifty day moving average price is $99.48 and its 200-day moving average price is $94.99.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Equities research analysts expect that Mr. Cooper Group Inc. will post 10.18 earnings per share for the current fiscal year.

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.