UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $12.06 Million Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,577 shares of the company’s stock after buying an additional 21,173 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Mr. Cooper Group worth $12,057,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Barclays PLC grew its position in shares of Mr. Cooper Group by 198.0% in the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock valued at $12,170,000 after purchasing an additional 87,712 shares during the last quarter. Blue Trust Inc. grew its position in shares of Mr. Cooper Group by 94.2% in the fourth quarter. Blue Trust Inc. now owns 1,111 shares of the company’s stock valued at $102,000 after purchasing an additional 539 shares during the last quarter. KBC Group NV grew its position in shares of Mr. Cooper Group by 88.7% in the fourth quarter. KBC Group NV now owns 3,306 shares of the company’s stock valued at $317,000 after purchasing an additional 1,554 shares during the last quarter. Spire Wealth Management acquired a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $1,480,000. Finally, Graham Capital Wealth Management LLC acquired a new position in shares of Mr. Cooper Group in the fourth quarter valued at approximately $2,276,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on 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 directly owns 698,821 shares in the company, valued at $78,435,669.04. This represents 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. Corporate insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

COOP has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. 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 research report on Friday, April 4th. Barclays upped their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the company an “overweight” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a research note on Tuesday, April 8th. Finally, Citizens Jmp cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.14.

Mr. Cooper Group Trading Down 2.6%

Shares of COOP stock opened at $129.34 on Friday. The stock has a 50 day simple moving average of $120.39 and a 200 day simple moving average of $107.78. Mr. Cooper Group Inc. has a 1 year low of $78.20 and a 1 year high of $138.35. The stock has a market cap of $8.28 billion, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm had revenue of $560.00 million during the quarter, compared to analysts’ expectations of $620.57 million. During the same period in the prior year, the company earned $2.73 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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.