Mr. Cooper Group Inc. (NASDAQ:COOP) Stock Position Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,128,164 shares of the company’s stock after selling 130,588 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Mr. Cooper Group were worth $204,321,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock worth $472,000 after buying an additional 4,863 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $1,603,000. World Investment Advisors LLC acquired a new position in Mr. Cooper Group in the 3rd quarter worth approximately $2,537,000. Spire Wealth Management purchased a new position in Mr. Cooper Group during the 4th quarter worth approximately $1,480,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Mr. Cooper Group by 15.5% in the fourth quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock valued at $61,846,000 after purchasing an additional 86,510 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on COOP. Barclays upped their price target 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 increased their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 8th. UBS Group boosted their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Piper Sandler cut shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $125.00 to $143.00 in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.00.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were 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 directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Trading Up 4.5 %

COOP stock opened at $112.07 on Wednesday. The firm has a market cap of $7.17 billion, a PE ratio of 11.01, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 1 year low of $76.85 and a 1 year high of $137.60. The company has a fifty day simple moving average of $110.84 and a 200 day simple moving average of $102.04.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal 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.