Axa S.A. Purchases New Shares in Mr. Cooper Group Inc. (NASDAQ:COOP)

Axa S.A. acquired a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,164 shares of the company’s stock, valued at approximately $907,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. LSV Asset Management lifted its position in Mr. Cooper Group by 249.2% during the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after acquiring an additional 451,926 shares during the period. Goldman Sachs Group Inc. increased its position in Mr. Cooper Group by 198.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock valued at $43,209,000 after buying an additional 441,282 shares in the last quarter. Vanguard Group Inc. raised its stake in Mr. Cooper Group by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock valued at $496,608,000 after buying an additional 391,780 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after acquiring an additional 354,905 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Mr. Cooper Group in the second quarter worth $21,609,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of analyst reports. Wedbush upped their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Barclays increased their target price on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods cut Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.57.

Mr. Cooper Group Stock Performance

COOP stock opened at $90.95 on Wednesday. Mr. Cooper Group Inc. has a fifty-two week low of $52.46 and a fifty-two week high of $96.00. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 9.52 and a beta of 1.41. The business’s 50-day moving average is $90.18 and its two-hundred day moving average is $84.00.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.19. The company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. Mr. Cooper Group’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 earnings per share. Equities analysts predict that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current year.

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.