462 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Acquired by USA Financial Formulas

USA Financial Formulas purchased a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) during the first quarter, HoldingsChannel reports. The firm purchased 462 shares of the company’s stock, valued at approximately $55,000.

Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $1,603,000. Jefferies Financial Group Inc. acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $394,000. JPMorgan Chase & Co. raised its stake in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock worth $61,846,000 after buying an additional 86,510 shares during the period. Quantinno Capital Management LP acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $298,000. Finally, F M Investments LLC acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $313,000. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a report on Tuesday, April 8th. Piper Sandler lowered Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $125.00 to $143.00 in a report on Friday, April 4th. UBS Group boosted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to 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 Up 5.4%

COOP stock opened at $142.78 on Thursday. The firm has a market cap of $9.14 billion, a PE ratio of 14.03, a P/E/G ratio of 0.32 and a beta of 1.03. The business has a 50 day moving average of $122.37 and a 200-day moving average of $109.74. Mr. Cooper Group Inc. has a 12-month low of $78.20 and a 12-month high of $142.98.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.16. The company 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%. Mr. Cooper Group’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $2.73 earnings per share. On average, research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share 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.