Hillsdale Investment Management Inc. Grows Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Hillsdale Investment Management Inc. boosted its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,190 shares of the company’s stock after acquiring an additional 480 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.11% of Mr. Cooper Group worth $6,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after acquiring an additional 51,667 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $84,471,000 after buying an additional 52,001 shares during the last quarter. Veridan Wealth LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter valued at approximately $56,244,000. Basswood Capital Management L.L.C. boosted its stake 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 valued at $45,744,000 after buying an additional 132,970 shares during the last quarter. Finally, FMR LLC boosted its stake 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 valued at $44,791,000 after buying an additional 145,767 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $104.19 on Friday. Mr. Cooper Group Inc. has a 1 year low of $74.49 and a 1 year high of $114.05. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. The firm has a fifty day moving average of $105.22 and a 200-day moving average of $98.00.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on COOP shares. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays raised their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods raised their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Finally, Piper Sandler raised their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.