Whalen Wealth Management Inc. Acquires Shares of 5,186 Mr. Cooper Group Inc. (NASDAQ:COOP)

Whalen Wealth Management Inc. bought a new position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) in the third quarter, Holdings Channel reports. The fund bought 5,186 shares of the company’s stock, valued at approximately $478,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. raised its stake in Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after purchasing an additional 331 shares in the last quarter. Quarry LP bought a new stake in shares of Mr. Cooper Group during the 2nd quarter valued at approximately $29,000. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group during the 3rd quarter worth approximately $30,000. Finally, CWM LLC increased its position in Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $97.32 on Tuesday. Mr. Cooper Group Inc. has a fifty-two week low of $58.17 and a fifty-two week high of $103.05. The stock has a 50 day simple moving average of $93.06 and a two-hundred day simple moving average of $88.04. The company has a market cap of $6.23 billion, a P/E ratio of 12.57 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. During the same quarter last year, the firm posted $2.79 EPS. The company’s quarterly revenue was up 32.8% on a year-over-year basis. On average, research analysts predict that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on COOP. Piper Sandler raised their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research report on Monday, July 22nd. Finally, Compass Point upped their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $98.00.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group 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.