KBC Group NV Boosts Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

KBC Group NV grew its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 88.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,306 shares of the company’s stock after purchasing an additional 1,554 shares during the quarter. KBC Group NV’s holdings in Mr. Cooper Group were worth $317,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Dakota Wealth Management boosted its position in Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after buying an additional 181 shares during the period. Truist Financial Corp raised its position in Mr. Cooper Group by 1.6% in the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after acquiring an additional 187 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after purchasing an additional 213 shares during the last quarter. Blue Trust Inc. raised its position in shares of Mr. Cooper Group by 71.8% during the 3rd quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Mr. Cooper Group by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 8,977 shares of the company’s stock valued at $730,000 after acquiring an additional 241 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

COOP has been the topic of several research reports. Compass Point increased their target price on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JMP Securities began coverage on Mr. Cooper Group in a report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price target for the company. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays raised their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Piper Sandler upped their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Two research 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’s stock. Based on data from MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and an average price target of $104.13.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s 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 sale, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Down 0.8 %

NASDAQ:COOP opened at $103.03 on Tuesday. The business’s 50-day moving average price is $97.88 and its 200 day moving average price is $94.02. Mr. Cooper Group Inc. has a 52-week low of $65.54 and a 52-week high of $107.85. The firm has a market cap of $6.59 billion, a P/E ratio of 13.31, a PEG ratio of 0.30 and a beta of 1.43.

Mr. Cooper Group Company 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.