Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,200 shares of the company’s stock after selling 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mr. Cooper Group were worth $1,555,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its stake in Mr. Cooper Group by 1.9% during 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 in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares during the period. Basswood Capital Management L.L.C. raised its position in shares of Mr. Cooper Group by 36.6% during the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after purchasing an additional 132,970 shares during the period. FMR LLC raised its position in shares of Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after purchasing an additional 145,767 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Mr. Cooper Group by 3.8% during the 4th quarter. Principal Financial Group Inc. now owns 363,752 shares of the company’s stock worth $34,924,000 after purchasing an additional 13,173 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Barclays increased their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, UBS Group increased their price objective on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mr. Cooper Group has an average rating of “Moderate Buy” and an average target price of $112.22.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $110.79 on Thursday. The stock has a fifty day moving average price of $101.59 and a two-hundred day moving average price of $96.36. The firm has a market cap of $7.05 billion, a P/E ratio of 10.88, a PEG ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 1 year low of $70.01 and a 1 year high of $112.50.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now directly owns 758,821 shares of the company’s stock, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.33% of the company’s stock.

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.