Blue Trust Inc. Acquires 222 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Blue Trust Inc. boosted its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 38.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 794 shares of the company’s stock after acquiring an additional 222 shares during the quarter. Blue Trust Inc.’s holdings in Mr. Cooper Group were worth $76,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of COOP. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group during the 3rd quarter valued at about $30,000. Harvest Fund Management Co. Ltd increased its position in shares of Mr. Cooper Group by 152.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares during the last quarter. Asset Planning Inc bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $48,000. ORG Partners LLC bought a new position in shares of Mr. Cooper Group during the 4th quarter valued at about $51,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Mr. Cooper Group during the 3rd quarter valued at about $52,000. 89.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on COOP shares. Barclays increased their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JMP Securities restated a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Piper Sandler raised their price target 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. UBS Group raised their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Mr. Cooper Group has an average rating of “Moderate Buy” and an average price target of $112.22.

Mr. Cooper Group Stock Up 1.2 %

COOP opened at $110.51 on Monday. The stock has a market cap of $7.07 billion, a PE ratio of 10.86, a PEG ratio of 0.32 and a beta of 1.43. The business has a 50 day moving average of $100.78 and a 200-day moving average of $95.92. Mr. Cooper Group Inc. has a 52 week low of $70.01 and a 52 week high of $110.97.

Mr. Cooper Group (NASDAQ:COOP) last released 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 return on equity of 14.76% and a net margin of 30.07%. Equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is currently owned by company insiders.

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.