Creative Planning Grows Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Creative Planning boosted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,669 shares of the company’s stock after purchasing an additional 2,570 shares during the period. Creative Planning’s holdings in Mr. Cooper Group were worth $1,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of COOP. Precision Wealth Strategies LLC purchased a new position in Mr. Cooper Group during the first quarter valued at $229,000. Janney Capital Management LLC purchased a new position in shares of Mr. Cooper Group in the first quarter valued at about $365,000. Capstone Investment Advisors LLC purchased a new position in shares of Mr. Cooper Group in the first quarter valued at about $472,000. Fidelis Capital Partners LLC purchased a new position in shares of Mr. Cooper Group in the first quarter valued at about $85,000. Finally, LSV Asset Management lifted its position in shares of Mr. Cooper Group by 36.3% in the first quarter. LSV Asset Management now owns 181,334 shares of the company’s stock valued at $14,135,000 after acquiring an additional 48,334 shares in the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Up 3.3 %

NASDAQ:COOP opened at $91.47 on Tuesday. The company has a market capitalization of $5.85 billion, a P/E ratio of 11.82 and a beta of 1.40. Mr. Cooper Group Inc. has a 12 month low of $54.07 and a 12 month high of $97.35. The business’s 50-day moving average is $91.98 and its 200 day moving average is $86.19.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. The company had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.79 earnings per share. On average, research analysts forecast that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current year.

Analyst Ratings Changes

COOP has been the topic of several research analyst reports. Piper Sandler boosted their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Barclays boosted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research report on Monday, July 22nd. Finally, Compass Point boosted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of “Moderate Buy” and a consensus price target of $98.00.

About Mr. Cooper Group

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.