Axa S.A. Reduces Stock Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Axa S.A. lowered its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,250 shares of the company’s stock after selling 742 shares during the quarter. Axa S.A.’s holdings in Mr. Cooper Group were worth $1,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. 140 Summer Partners LP bought a new position in Mr. Cooper Group in the fourth quarter worth approximately $69,959,000. Mercer Global Advisors Inc. ADV raised its holdings in Mr. Cooper Group by 13.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company’s stock worth $908,000 after purchasing an additional 1,140 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Mr. Cooper Group during the fourth quarter valued at $70,000. Lido Advisors LLC grew its holdings in Mr. Cooper Group by 28.0% during the fourth quarter. Lido Advisors LLC now owns 3,247 shares of the company’s stock valued at $312,000 after purchasing an additional 711 shares during the period. Finally, Northern Trust Corp increased its position in Mr. Cooper Group by 6.8% in the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company’s stock worth $80,204,000 after buying an additional 53,534 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on COOP shares. Citizens Jmp cut Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. JMP Securities restated 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 boosted their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 8th. Finally, UBS Group boosted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Mr. Cooper Group has a consensus rating of “Moderate Buy” and an average target price of $131.14.

Mr. Cooper Group Stock Down 3.7 %

Shares of Mr. Cooper Group stock opened at $114.57 on Friday. The stock’s fifty day moving average is $112.79 and its two-hundred day moving average is $104.05. Mr. Cooper Group Inc. has a 52 week low of $78.20 and a 52 week high of $137.60. The company has a market capitalization of $7.33 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.73 EPS. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Activity

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 stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.73% 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.