Axa S.A. Sells 742 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Axa S.A. decreased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,250 shares of the company’s stock after selling 742 shares during the period. Axa S.A.’s holdings in Mr. Cooper Group were worth $1,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 95 shares during the last quarter. Williamson Legacy Group LLC raised its holdings in shares of Mr. Cooper Group by 1.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after buying an additional 118 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Mr. Cooper Group by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after buying an additional 128 shares during the last quarter. Dakota Wealth Management boosted its stake in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock worth $2,659,000 after buying an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in Mr. Cooper Group by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $333,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COOP. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday, April 8th. Barclays lifted their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. JMP Securities restated a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their target price for the company from $125.00 to $143.00 in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.14.

Mr. Cooper Group Stock Down 3.7 %

NASDAQ:COOP opened at $114.57 on Friday. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.32 and a beta of 1.06. The company’s 50 day moving average price is $112.79 and its 200-day moving average price is $104.05. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 EPS. As a group, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by insiders.

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.