545,900 Shares in Mr. Cooper Group Inc. (NASDAQ:COOP) Bought by Veridan Wealth LLC

Veridan Wealth LLC bought a new stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 545,900 shares of the company’s stock, valued at approximately $56,244,000. Mr. Cooper Group accounts for about 26.5% of Veridan Wealth LLC’s holdings, making the stock its biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after buying an additional 145,767 shares in the last quarter. Basswood Capital Management L.L.C. increased its stake in Mr. Cooper Group by 36.6% in 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 acquiring an additional 132,970 shares during the period. Barclays PLC raised its position in Mr. Cooper Group by 198.0% in the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after purchasing an additional 87,712 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Mr. Cooper Group by 6.0% during the third 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. Finally, State Street Corp boosted its holdings 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 purchasing an additional 51,667 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total value of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares of the company’s stock, valued at $76,973,153.18. The trade was a 3.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Up 0.6 %

Shares of Mr. Cooper Group stock opened at $111.49 on Friday. The business has a fifty day simple moving average of $101.95 and a 200 day simple moving average of $96.46. The stock has a market cap of $7.09 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 12 month low of $70.01 and a 12 month high of $112.65.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on COOP. Barclays boosted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. UBS Group upped 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. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Piper Sandler upped their price target on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $112.22.

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.