Swiss National Bank Has $12.17 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

Swiss National Bank increased its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 126,800 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Swiss National Bank’s holdings in Mr. Cooper Group were worth $12,174,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Veridan Wealth LLC acquired a new stake in Mr. Cooper Group during the 4th quarter worth $56,244,000. FMR LLC grew its stake in shares of Mr. Cooper Group by 42.9% during the third 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. Basswood Capital Management L.L.C. increased its holdings 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 purchasing an additional 132,970 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Mr. Cooper Group in the fourth quarter valued at about $9,795,000. Finally, Barclays PLC boosted its holdings in Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after buying an additional 87,712 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

COOP has been the topic of a number of analyst reports. Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. UBS Group boosted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays boosted their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Two 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock opened at $103.55 on Thursday. The firm has a market cap of $6.59 billion, a PE ratio of 10.17, a P/E/G ratio of 0.32 and a beta of 1.49. The business’s 50 day simple moving average is $104.73 and its 200 day simple moving average is $97.87. Mr. Cooper Group Inc. has a 52-week low of $73.87 and a 52-week high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data 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 net margin of 30.07% and a return on equity of 14.76%. As a group, equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

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.