MorganRosel Wealth Management LLC Lowers Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

MorganRosel Wealth Management LLC lessened its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,390 shares of the company’s stock after selling 104 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Mr. Cooper Group were worth $1,286,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp increased 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after purchasing an additional 52,001 shares during the last quarter. Basswood Capital Management L.L.C. lifted its position in Mr. Cooper Group by 36.6% during the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock worth $45,744,000 after buying an additional 132,970 shares in the last quarter. FMR LLC boosted its stake in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after buying an additional 145,767 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Mr. Cooper Group by 3.8% in the 4th quarter. Principal Financial Group Inc. now owns 363,752 shares of the company’s stock valued at $34,924,000 after buying an additional 13,173 shares in the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on COOP. Barclays upped their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Piper Sandler upped their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. JMP Securities restated a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.33% of the stock is owned by company insiders.

Mr. Cooper Group Stock Down 0.7 %

Shares of Mr. Cooper Group stock opened at $109.74 on Tuesday. Mr. Cooper Group Inc. has a 52-week low of $70.01 and a 52-week high of $111.39. The company has a 50 day moving average of $101.01 and a 200 day moving average of $96.08. The company has a market capitalization of $6.98 billion, a P/E ratio of 10.78, a P/E/G ratio of 0.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last issued its 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 net margin of 30.07% and a return on equity of 14.76%. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

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.