Wellington Management Group LLP Buys 343,243 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Wellington Management Group LLP lifted its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 43.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,138,904 shares of the company’s stock after purchasing an additional 343,243 shares during the period. Wellington Management Group LLP’s holdings in Mr. Cooper Group were worth $109,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Picton Mahoney Asset Management boosted its holdings in Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares during the last quarter. Williamson Legacy Group LLC boosted its stake in shares of Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after buying an additional 118 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after acquiring an additional 128 shares during the period. Dakota Wealth Management increased its position in Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after acquiring an additional 181 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after acquiring an additional 222 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group upped their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Citizens Jmp cut shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Barclays boosted their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average target price of $112.22.

Mr. Cooper Group Stock Down 0.3 %

NASDAQ:COOP opened at $133.10 on Friday. The stock has a market cap of $8.46 billion, a PE ratio of 13.07, a P/E/G ratio of 0.32 and a beta of 1.17. The business’s 50-day simple moving average is $108.02 and its two-hundred day simple moving average is $99.62. Mr. Cooper Group Inc. has a 52 week low of $74.49 and a 52 week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 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%. Sell-side analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal 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, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.33% of the company’s stock.

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.