Dakota Wealth Management Acquires 181 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Dakota Wealth Management increased its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,695 shares of the company’s stock after acquiring an additional 181 shares during the quarter. Dakota Wealth Management’s holdings in Mr. Cooper Group were worth $2,659,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Aristeia Capital L.L.C. grew its position in Mr. Cooper Group by 4.2% in the 2nd quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock worth $341,000 after purchasing an additional 169 shares during the last quarter. Truist Financial Corp grew its position in Mr. Cooper Group by 1.6% during the second quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after buying an additional 187 shares in the last quarter. Evergreen Capital Management LLC increased its stake in Mr. Cooper Group by 4.2% during the second quarter. Evergreen Capital Management LLC now owns 5,236 shares of the company’s stock valued at $425,000 after acquiring an additional 211 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Mr. Cooper Group by 7.6% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock valued at $278,000 after acquiring an additional 213 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Mr. Cooper Group by 71.8% in the 3rd quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after acquiring an additional 239 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Down 0.2 %

Shares of Mr. Cooper Group stock opened at $102.64 on Thursday. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 13.26, a P/E/G ratio of 0.30 and a beta of 1.43. Mr. Cooper Group Inc. has a 1-year low of $64.35 and a 1-year high of $105.00. The firm’s 50-day moving average price is $96.77 and its two-hundred day moving average price is $92.82.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share (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 business had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same quarter in the prior year, the company earned $2.79 EPS. The firm’s quarterly revenue was up 32.8% on a year-over-year basis. As a group, equities research analysts predict that Mr. Cooper Group Inc. will post 10.18 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Compass Point increased their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Piper Sandler lifted 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. Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Finally, Barclays raised their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.13.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction 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 link. Over the last three months, insiders have sold 90,000 shares of company stock worth $8,414,400. Corporate 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.