HighTower Advisors LLC Grows Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

HighTower Advisors LLC boosted its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,917 shares of the company’s stock after purchasing an additional 398 shares during the quarter. HighTower Advisors LLC’s holdings in Mr. Cooper Group were worth $2,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Veridan Wealth LLC purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at $56,244,000. FMR LLC increased its holdings in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after acquiring an additional 145,767 shares during the period. Basswood Capital Management L.L.C. increased its holdings in shares of Mr. Cooper Group by 36.6% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after acquiring an additional 132,970 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at $9,795,000. Finally, Barclays PLC increased its holdings in shares of Mr. Cooper Group by 198.0% in the 3rd quarter. Barclays PLC now owns 132,017 shares of the company’s stock valued at $12,170,000 after acquiring an additional 87,712 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COOP shares. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Piper Sandler raised their price objective 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. Keefe, Bruyette & Woods raised their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Finally, UBS Group raised their price objective 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. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group currently has an average rating of “Moderate Buy” and an average price target of $112.22.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $104.19 on Friday. The stock has a 50-day moving average of $105.22 and a two-hundred day moving average of $98.05. Mr. Cooper Group Inc. has a one year low of $74.49 and a one year high of $114.05. The stock has a market cap of $6.63 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping 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%. Analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares of the company’s stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.33% of the stock is currently owned by insiders.

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.