Swiss National Bank Increases Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Swiss National Bank boosted its stake in Mr. Cooper Group Inc. (NASDAQ:COOPGet Rating) by 16.2% during the 2nd quarter, Holdings Channel reports. The firm owned 165,100 shares of the company’s stock after buying an additional 23,000 shares during the quarter. Swiss National Bank’s holdings in Mr. Cooper Group were worth $6,066,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its stake in Mr. Cooper Group by 8.9% in the 2nd quarter. Assetmark Inc. now owns 63,549 shares of the company’s stock worth $2,335,000 after purchasing an additional 5,194 shares in the last quarter. AlphaCrest Capital Management LLC raised its position in shares of Mr. Cooper Group by 163.2% during the 1st quarter. AlphaCrest Capital Management LLC now owns 69,588 shares of the company’s stock valued at $3,178,000 after buying an additional 43,144 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Mr. Cooper Group by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 814,778 shares of the company’s stock valued at $37,210,000 after buying an additional 19,733 shares in the last quarter. Anson Funds Management LP purchased a new stake in shares of Mr. Cooper Group during the 1st quarter valued at about $1,507,000. Finally, Jupiter Wealth Management LLC purchased a new stake in shares of Mr. Cooper Group during the 1st quarter valued at about $365,000. Hedge funds and other institutional investors own 86.68% of the company’s stock.

Mr. Cooper Group Stock Up 1.7 %

Shares of NASDAQ COOP opened at $44.25 on Thursday. The company’s 50-day simple moving average is $42.19 and its 200-day simple moving average is $41.97. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 3.12 and a beta of 1.42. Mr. Cooper Group Inc. has a 52-week low of $35.81 and a 52-week high of $52.34.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 21,000 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $40.18, for a total value of $843,780.00. Following the transaction, the chief executive officer now directly owns 739,291 shares of the company’s stock, valued at $29,704,712.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.59% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on COOP. Barclays cut their price target on shares of Mr. Cooper Group from $43.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 17th. Wedbush decreased their price target on shares of Mr. Cooper Group from $60.00 to $55.00 in a report on Thursday, October 27th. Compass Point cut their price objective on shares of Mr. Cooper Group to $64.00 in a research note on Tuesday, November 1st. Finally, Piper Sandler increased their price objective on shares of Mr. Cooper Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, November 10th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group presently has a consensus rating of “Moderate Buy” and an average price target of $55.60.

Mr. Cooper Group Company Profile

(Get Rating)

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related to single-family residences in the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.

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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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