CIBC Asset Management Inc Has $611,000 Stake in Mr. Cooper Group Inc. (NASDAQ:COOP)

CIBC Asset Management Inc boosted its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 3.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,366 shares of the company’s stock after purchasing an additional 232 shares during the period. CIBC Asset Management Inc’s holdings in Mr. Cooper Group were worth $611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of COOP. Financial Management Professionals Inc. acquired a new position in Mr. Cooper Group in the third quarter valued at $30,000. Harvest Fund Management Co. Ltd increased its stake in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares in the last quarter. Asset Planning Inc bought a new stake in Mr. Cooper Group in the fourth quarter valued at $48,000. ORG Partners LLC bought a new stake in Mr. Cooper Group in the fourth quarter valued at $51,000. Finally, Harbor Capital Advisors Inc. bought a new stake in Mr. Cooper Group in the third quarter valued at $52,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This trade represents a 3.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Keefe, Bruyette & Woods lifted 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 research note on Thursday, February 13th. UBS Group lifted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JMP Securities reaffirmed 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 raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.22.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $110.51 on Friday. The firm has a market cap 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 Inc. has a 52 week low of $70.01 and a 52 week high of $110.97. The firm has a 50-day moving average price of $100.78 and a two-hundred day moving average price of $95.83.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate 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 forecast that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current 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.