Navellier & Associates Inc. Purchases 678 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Navellier & Associates Inc. grew its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,528 shares of the company’s stock after buying an additional 678 shares during the quarter. Navellier & Associates Inc.’s holdings in Mr. Cooper Group were worth $723,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in COOP. State Street Corp boosted its stake in Mr. Cooper Group by 1.9% during the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock valued at $251,370,000 after purchasing an additional 51,667 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mr. Cooper Group by 6.0% during 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 in the last quarter. Basswood Capital Management L.L.C. boosted its position in shares of 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 valued at $45,744,000 after buying an additional 132,970 shares during the last quarter. FMR LLC increased its holdings in Mr. Cooper Group by 42.9% in the 3rd quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after buying an additional 145,767 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position 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 worth $34,924,000 after buying an additional 13,173 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Buying and Selling

In related 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 of the company’s stock, 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 currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COOP. UBS Group raised their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays raised their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Piper Sandler boosted 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 note on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.22.

Mr. Cooper Group Price Performance

NASDAQ:COOP opened at $110.51 on Friday. Mr. Cooper Group Inc. has a one year low of $70.01 and a one year high of $110.97. The business has a fifty day moving average price of $100.78 and a 200-day moving average price of $95.83. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43.

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

Mr. Cooper Group Company 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.