Great West Life Assurance Co. Can Buys Shares of 86,519 Mr. Cooper Group Inc. (NASDAQ:COOP)

Great West Life Assurance Co. Can acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOPGet Rating) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 86,519 shares of the company’s stock, valued at approximately $3,503,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Assetmark Inc. lifted its stake in shares of Mr. Cooper Group by 8.9% in the 2nd quarter. Assetmark Inc. now owns 63,549 shares of the company’s stock valued at $2,335,000 after purchasing an additional 5,194 shares during the last quarter. Sciencast Management LP acquired a new position in Mr. Cooper Group during the 2nd quarter worth $1,539,000. Kennedy Capital Management Inc. lifted its position in Mr. Cooper Group by 1,225.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 195,981 shares of the company’s stock worth $7,200,000 after acquiring an additional 181,193 shares during the last quarter. Harvest Investment Services LLC lifted its position in Mr. Cooper Group by 145.4% during the 2nd quarter. Harvest Investment Services LLC now owns 58,577 shares of the company’s stock worth $2,152,000 after acquiring an additional 34,709 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in Mr. Cooper Group by 34.8% during the 2nd quarter. Victory Capital Management Inc. now owns 37,031 shares of the company’s stock worth $1,361,000 after acquiring an additional 9,570 shares during the last quarter. Institutional investors and hedge funds own 83.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COOP. Wedbush cut their target price on shares of Mr. Cooper Group from $60.00 to $55.00 in a research report on Thursday, October 27th. Compass Point cut their target price on shares of Mr. Cooper Group to $64.00 in a research report on Tuesday, November 1st. Piper Sandler boosted their target price on shares of Mr. Cooper Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, November 10th. Finally, Barclays boosted their target price on shares of Mr. Cooper Group from $40.00 to $41.00 in a research report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.80.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 21,000 shares of the company’s stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of $39.78, for a total value of $835,380.00. Following the sale, the chief executive officer now owns 697,291 shares of the company’s stock, valued at $27,738,235.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 63,000 shares of company stock valued at $2,608,200 over the last quarter. 2.59% of the stock is owned by company insiders.

Mr. Cooper Group Stock Performance

NASDAQ:COOP opened at $45.18 on Tuesday. The firm’s 50-day moving average is $42.66 and its 200-day moving average is $42.51. Mr. Cooper Group Inc. has a 52-week low of $35.81 and a 52-week high of $52.34. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 3.19 and a beta of 1.45.

Mr. Cooper Group (NASDAQ:COOPGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.08. Mr. Cooper Group had a net margin of 38.66% and a return on equity of 6.35%. The company had revenue of $510.00 million for the quarter, compared to the consensus estimate of $431.60 million. Equities analysts predict that Mr. Cooper Group Inc. will post 2.47 EPS for the current year.

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.

Further Reading

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

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