Arrowstreet Capital Limited Partnership Has $90.12 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)
Arrowstreet Capital Limited Partnership reduced its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 24.5% in Q4, now holding 938,686 shares valued at $90.12 million. Other institutional investors also adjusted their positions, with State Street Corp increasing its holdings by 1.9%. CEO Jesse K. Bray sold 30,000 shares, decreasing his ownership by 4.12%. Mr. Cooper's stock opened at $119.60, with a market cap of $7.61 billion and a PE ratio of 11.75. Analysts have set a consensus rating of "Moderate Buy" with an average price target of $112.22.
Arrowstreet Capital Limited Partnership lowered its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 24.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 938,686 shares of the company's stock after selling 304,222 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.47% of Mr. Cooper Group worth $90,123,000 as of its most recent filing with the SEC.
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A number of other institutional investors and hedge funds also recently bought and sold shares of COOP. State Street Corp raised its holdings in shares of Mr. Cooper Group by 1.9% in the third quarter. State Street Corp now owns 2,726,946 shares of the company's stock valued at $251,370,000 after buying an additional 51,667 shares during the last quarter. Norges Bank acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $72,984,000. JPMorgan Chase & Co. raised its stake 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 worth $61,846,000 after acquiring an additional 86,510 shares during the last quarter. Veridan Wealth LLC acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth approximately $56,244,000. Finally, Basswood Capital Management L.L.C. grew its stake in shares of Mr. Cooper Group by 36.6% during the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company's stock valued at $45,744,000 after purchasing an additional 132,970 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.
Insiders Place Their Bets
In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 698,821 shares of the company's stock, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.33% of the company's stock.
Mr. Cooper Group Price Performance
Shares of COOP stock opened at $119.60 on Tuesday. The stock has a 50-day moving average of $106.35 and a 200-day moving average of $98.93. Mr. Cooper Group Inc. has a one year low of $74.49 and a one year high of $125.86. The stock has a market cap of $7.61 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts recently weighed in on COOP shares. Citizens Jmp upgraded shares of Mr. Cooper Group to a "strong-buy" rating in a research report on Tuesday, January 14th. UBS Group boosted their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. 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. Finally, Barclays raised their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average price target of $112.22.
Read Our Latest Report on COOP
About Mr. Cooper Group
(Free Report)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.
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