Swiss National Bank Has $12.17 Million Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Swiss National Bank boosted its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,800 shares of the company’s stock after purchasing an additional 400 shares during the quarter. Swiss National Bank owned 0.20% of Mr. Cooper Group worth $12,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of COOP. State Street Corp raised its position in shares of Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company’s stock valued at $251,370,000 after buying an additional 51,667 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares in the last quarter. Veridan Wealth LLC bought a new stake in shares of Mr. Cooper Group during the fourth quarter valued at approximately $56,244,000. Basswood Capital Management L.L.C. raised its stake in shares of Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after purchasing an additional 132,970 shares in the last quarter. Finally, FMR LLC lifted its position in Mr. Cooper Group by 42.9% in the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after purchasing an additional 145,767 shares during the period. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $103.55 on Thursday. The business’s fifty day moving average is $104.73 and its two-hundred day moving average is $97.87. The firm has a market cap of $6.59 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 52 week low of $73.87 and a 52 week high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data 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%. On average, equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value 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 trade represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

COOP has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted 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 report on Thursday, February 13th. UBS Group increased their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler raised their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JMP Securities reiterated a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Barclays raised their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $112.22.

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.