LSV Asset Management Has $59.24 Million Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

LSV Asset Management reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 617,060 shares of the company’s stock after selling 11,300 shares during the period. LSV Asset Management’s holdings in Mr. Cooper Group were worth $59,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Mr. Cooper Group by 9,175.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after purchasing an additional 4,863 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Mr. Cooper Group in the fourth quarter valued at about $1,603,000. World Investment Advisors LLC bought a new position in Mr. Cooper Group during the third quarter worth about $2,537,000. Spire Wealth Management acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth about $1,480,000. Finally, JPMorgan Chase & Co. raised its position in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock valued at $61,846,000 after acquiring an additional 86,510 shares during the period. 89.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group upped their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $125.00 to $143.00 in a research note on Friday, April 4th. Barclays lifted their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday. Citizens Jmp lowered Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods lifted their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $119.78.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $108.56 on Friday. The stock has a 50-day simple moving average of $109.93 and a 200 day simple moving average of $100.90. Mr. Cooper Group Inc. has a 52-week low of $74.49 and a 52-week high of $137.60. The company has a market cap of $6.90 billion, a PE ratio of 10.66, a PEG ratio of 0.32 and a beta of 1.17.

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

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.33% of the company’s stock.

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.