US Bancorp DE Has $350,000 Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

US Bancorp DE lessened its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 49.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,645 shares of the company’s stock after selling 3,607 shares during the period. US Bancorp DE’s holdings in Mr. Cooper Group were worth $350,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Dakota Wealth Management raised its holdings in shares of Mr. Cooper Group by 0.7% in the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock worth $2,659,000 after acquiring an additional 181 shares during the last quarter. Blue Trust Inc. grew its position in Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after purchasing an additional 222 shares in the last quarter. CIBC Asset Management Inc grew its position in Mr. Cooper Group by 3.8% in the 4th quarter. CIBC Asset Management Inc now owns 6,366 shares of the company’s stock worth $611,000 after purchasing an additional 232 shares in the last quarter. QRG Capital Management Inc. grew its position in Mr. Cooper Group by 3.6% in the 4th quarter. QRG Capital Management Inc. now owns 7,644 shares of the company’s stock worth $734,000 after purchasing an additional 263 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after purchasing an additional 270 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % 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 owned by insiders.

Mr. Cooper Group Trading Down 1.8 %

COOP opened at $98.86 on Friday. The company has a 50 day moving average of $103.96 and a 200 day moving average of $97.55. The company has a market cap of $6.29 billion, a PE ratio of 9.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 12 month low of $72.00 and a 12 month high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Research analysts forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. 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 research report on Wednesday, January 22nd. Barclays upped their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. UBS Group increased their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.22.

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.