Mr. Cooper Group Inc. (NASDAQ:COOP) Stake Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 70,190 shares of the company’s stock after purchasing an additional 480 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Mr. Cooper Group were worth $6,739,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management raised its position in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Williamson Legacy Group LLC raised its position in Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after acquiring an additional 118 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after acquiring an additional 128 shares in the last quarter. Dakota Wealth Management raised its position 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 acquiring an additional 181 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after acquiring an additional 222 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Piper Sandler boosted their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Barclays boosted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, UBS Group boosted their price objective on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Two equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.22.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value 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 filing with the SEC, which can be accessed through this link. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $104.19 on Friday. Mr. Cooper Group Inc. has a fifty-two week low of $74.49 and a fifty-two week high of $114.05. The stock’s 50-day moving average is $105.22 and its two-hundred day moving average is $98.00. The stock has a market cap of $6.63 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, equities research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 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.