Axa S.A. Purchases Shares of 11,164 Mr. Cooper Group Inc. (NASDAQ:COOP)

Axa S.A. acquired a new position in Mr. Cooper Group Inc. (NASDAQ:COOP) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,164 shares of the company’s stock, valued at approximately $907,000.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Mr. Cooper Group by 8,275.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock worth $27,000 after acquiring an additional 331 shares during the last quarter. CWM LLC boosted its position in shares of Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares during the last quarter. Perkins Coie Trust Co bought a new stake in Mr. Cooper Group in the 2nd quarter valued at $81,000. Finally, GAMMA Investing LLC lifted its stake in Mr. Cooper Group by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock worth $85,000 after purchasing an additional 185 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $90.95 on Wednesday. Mr. Cooper Group Inc. has a 1 year low of $52.46 and a 1 year high of $96.00. The firm has a 50-day simple moving average of $90.18 and a two-hundred day simple moving average of $84.00. The company has a market cap of $5.89 billion, a P/E ratio of 9.52 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.19. The firm had revenue of $583.00 million during the quarter, compared to analyst estimates of $552.09 million. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 earnings per share. As a group, equities research analysts expect that Mr. Cooper Group Inc. will post 9.86 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. 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 note on Monday, July 22nd. Wedbush increased their target price on Mr. Cooper Group from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Piper Sandler boosted their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.57.

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.