Wellington Management Group LLP Boosts Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Wellington Management Group LLP lifted its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,714,900 shares of the company’s stock after purchasing an additional 25,351 shares during the quarter. Wellington Management Group LLP owned 2.65% of Mr. Cooper Group worth $111,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. USA Financial Formulas purchased a new position in Mr. Cooper Group in the 4th quarter worth about $25,000. GAMMA Investing LLC purchased a new position in Mr. Cooper Group in the 4th quarter worth about $61,000. Quest Partners LLC purchased a new position in Mr. Cooper Group in the 4th quarter worth about $61,000. Centaurus Financial Inc. purchased a new position in Mr. Cooper Group in the 4th quarter worth about $101,000. Finally, Headlands Technologies LLC raised its position in Mr. Cooper Group by 637.1% in the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after buying an additional 1,427 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Trading Down 0.2 %

Shares of NASDAQ:COOP opened at $81.66 on Friday. The stock has a 50 day moving average of $81.03 and a 200 day moving average of $73.43. The company has a market cap of $5.29 billion, a PE ratio of 8.55 and a beta of 1.38. Mr. Cooper Group Inc. has a 12-month low of $48.01 and a 12-month high of $85.17.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. Equities research analysts predict that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $78.79, for a total value of $1,969,750.00. Following the completion of the transaction, the chief executive officer now directly owns 309,631 shares in the company, valued at approximately $24,395,826.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the completion of the sale, the chief executive officer now directly owns 309,631 shares of the company’s stock, valued at approximately $24,395,826.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael R. Rawls sold 27,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the sale, the chief executive officer now directly owns 57,623 shares of the company’s stock, valued at $4,735,458.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,000 shares of company stock worth $8,176,360. 2.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on COOP shares. Deutsche Bank Aktiengesellschaft boosted their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group boosted their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Wedbush upped their price target on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Finally, Barclays upped their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of “Moderate Buy” and an average price target of $85.13.

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.