Dakota Wealth Management Has $2.66 Million Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Dakota Wealth Management boosted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 27,695 shares of the company’s stock after buying an additional 181 shares during the quarter. Dakota Wealth Management’s holdings in Mr. Cooper Group were worth $2,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COOP. State Street Corp grew its stake in shares of Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after purchasing an additional 51,667 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Mr. Cooper Group by 11.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after buying an additional 125,055 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after acquiring an additional 52,001 shares during the last quarter. Basswood Capital Management L.L.C. raised its position in shares of Mr. Cooper Group by 36.6% in 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 acquiring an additional 132,970 shares during the period. Finally, FMR LLC boosted its stake in 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 acquiring an additional 145,767 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COOP shares. Piper Sandler increased their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday. Compass Point raised their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. JMP Securities assumed coverage on Mr. Cooper Group in a research report on Tuesday, January 14th. They set an “outperform” rating and a $115.00 price target on the stock. Finally, Barclays lifted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.13.

Mr. Cooper Group Price Performance

COOP stock opened at $102.64 on Thursday. The stock has a market capitalization of $6.57 billion, a P/E ratio of 13.26, a P/E/G ratio of 0.30 and a beta of 1.43. Mr. Cooper Group Inc. has a fifty-two week low of $64.35 and a fifty-two week high of $105.00. The business has a 50-day moving average of $96.77 and a 200-day moving average of $92.82.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. During the same quarter in the prior year, the firm posted $2.79 EPS. The business’s revenue was up 32.8% on a year-over-year basis. Equities analysts expect that Mr. Cooper Group Inc. will post 10.18 EPS for the current year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group 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 sale, the chief executive officer now directly owns 788,821 shares in the company, valued at approximately $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 accessible through this link. Insiders have sold a total of 90,000 shares of company stock valued at $8,414,400 over the last 90 days. 2.33% of the stock is owned by corporate insiders.

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.