Burney Co. Has $8.07 Million Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Burney Co. trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,093 shares of the company’s stock after selling 511 shares during the quarter. Burney Co. owned about 0.13% of Mr. Cooper Group worth $8,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COOP. State Street Corp increased its position in Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock valued at $251,370,000 after acquiring an additional 51,667 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Mr. Cooper Group by 11.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock valued at $114,988,000 after purchasing an additional 125,055 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after purchasing an additional 52,001 shares in the last quarter. Basswood Capital Management L.L.C. raised its position in Mr. Cooper Group by 36.6% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after purchasing an additional 132,970 shares during the last quarter. Finally, FMR LLC raised its position in Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after purchasing an additional 145,767 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Wall Street Analyst Weigh In

COOP has been the subject of several research reports. Barclays lifted their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. JMP Securities initiated coverage on Mr. Cooper Group in a research report on Tuesday. They issued an “outperform” rating and a $115.00 price objective for the company. Compass Point boosted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $102.38.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This represents a 3.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 90,000 shares of company stock worth $8,414,400 over the last ninety days. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $99.00 on Wednesday. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05. The firm has a market capitalization of $6.33 billion, a price-to-earnings ratio of 12.79 and a beta of 1.43. The company’s 50 day simple moving average is $96.33 and its 200 day simple moving average is $91.88.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm’s revenue was up 32.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.79 EPS. As a group, analysts predict that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

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.