Goldman Sachs Group Inc. Has $43.21 Million Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Goldman Sachs Group Inc. lifted its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 198.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 663,530 shares of the company’s stock after buying an additional 441,282 shares during the period. Goldman Sachs Group Inc. owned about 1.01% of Mr. Cooper Group worth $43,209,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Triasima Portfolio Management inc. acquired a new stake in shares of Mr. Cooper Group in the fourth quarter worth $1,354,000. Cercano Management LLC purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth $23,527,000. Vanguard Group Inc. raised its holdings in shares of Mr. Cooper Group by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after acquiring an additional 77,838 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Mr. Cooper Group by 12.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after acquiring an additional 182,014 shares in the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of Mr. Cooper Group by 383.5% during the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after acquiring an additional 116,360 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the transaction, the chief executive officer now directly owns 309,631 shares in the company, valued at $24,395,826.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $78.79, for a total transaction of $1,969,750.00. Following the transaction, the chief executive officer now directly owns 309,631 shares in the company, valued at $24,395,826.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael R. Rawls sold 27,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total value of $2,218,860.00. Following the transaction, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,000 shares of company stock valued at $8,176,360. Insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

COOP has been the subject of several recent research reports. Wedbush increased their price objective on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. Barclays boosted their price target on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Jefferies Financial Group boosted their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $85.13.

Mr. Cooper Group Stock Performance

NASDAQ COOP opened at $81.66 on Friday. Mr. Cooper Group Inc. has a twelve month low of $48.01 and a twelve month high of $85.17. The stock has a market capitalization of $5.29 billion, a PE ratio of 8.55 and a beta of 1.38. The stock has a 50-day simple moving average of $81.03 and a 200 day simple moving average of $73.43.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The business had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. As a group, equities research analysts forecast that Mr. Cooper Group Inc. will post 9.48 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.