B. Riley Wealth Advisors Inc. Has $747,000 Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

B. Riley Wealth Advisors Inc. lessened its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 12.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,200 shares of the company’s stock after selling 1,321 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Mr. Cooper Group were worth $747,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after buying an additional 145 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after purchasing an additional 331 shares during the period. Quarry LP bought a new stake in shares of Mr. Cooper Group during the 2nd quarter valued at about $29,000. CWM LLC grew its stake in Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares during the period. Finally, Perkins Coie Trust Co acquired a new position in Mr. Cooper Group in the second quarter valued at approximately $81,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

COOP opened at $91.38 on Friday. Mr. Cooper Group Inc. has a fifty-two week low of $52.50 and a fifty-two week high of $96.00. The firm has a market capitalization of $5.89 billion, a PE ratio of 9.57 and a beta of 1.40. The company’s 50-day moving average is $90.27 and its 200 day moving average is $84.11.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.33 by $0.19. The firm had revenue of $583.00 million during 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%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 earnings per share. As a group, analysts expect that Mr. Cooper Group Inc. will post 9.86 EPS for the current year.

Analyst Upgrades and Downgrades

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

Mr. Cooper Group 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.