2 weeks Ago By Defense World Staff
Bank of Montreal Can increased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) by 10.
1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,649 shares of the company’s stock after purchasing an additional 889 shares during the quarter. Bank of Montreal Can’s holdings in Mr.
Cooper Group were worth $926,000 at the end of the most recent reporting period. Other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in shares of 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 buying an additional 95 shares during the last quarter.
Asset Planning Inc acquired a new position in Mr. Cooper Group during the 4th quarter worth $48,000. ORG Partners LLC bought a new stake in Mr.
Cooper Group during the fourth quarter valued at about $51,000. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 222 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Mr. Cooper Group in the fourth quarter worth about $78,000.
Institutional investors own 89.82% of the company’s stock. Insider Activity at Mr.
Cooper GroupIn other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.
24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.
04. This represents a 4.12 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by company insiders.
Analyst Ratings ChangesA number of research firms have issued reports on COOP. Keefe, Bruyette & Woods raised their target price on Mr. Cooper Group from $115.
00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday, April 8th. Citizens Jmp lowered shares of Mr.
Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. JMP Securities reissued a “market outperform” rating and issued a $115.00 price target on shares of Mr.
Cooper Group in a report on Thursday, February 13th. Barclays boosted their price objective on shares of Mr. Cooper Group from $130.
00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Finally, UBS Group lifted 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.
Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.00.
View Our Latest Analysis on COOPMr. Cooper Group Stock PerformanceCOOP opened at $111.21 on Friday.
Mr. Cooper Group Inc. has a twelve month low of $76.
85 and a twelve month high of $137.60. The firm has a market cap of $7.
12 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 0.32 and a beta of 1.
17. The firm’s 50-day simple moving average is $110.76 and its 200-day simple moving average is $101.
79. Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last posted its earnings results on Wednesday, February 12th.
The company reported $2.73 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that Mr.
Cooper Group Inc. will post 13.17 EPS for the current fiscal year.
Mr. Cooper Group Profile (Free Report)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.Further ReadingFive stocks we like better than Mr.
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