American Century Companies Inc. Sells 7,900 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

American Century Companies Inc. lowered its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 17.7% during the 4th quarter, Holdings Channel reports. The firm owned 36,713 shares of the company’s stock after selling 7,900 shares during the quarter. American Century Companies Inc.’s holdings in Mr. Cooper Group were worth $3,525,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COOP. Picton Mahoney Asset Management grew its holdings in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after acquiring an additional 95 shares in the last quarter. Williamson Legacy Group LLC boosted its stake in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after purchasing an additional 118 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock valued at $479,000 after purchasing an additional 128 shares in the last quarter. Dakota Wealth Management increased its holdings in Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after buying an additional 181 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock worth $76,000 after buying an additional 222 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Up 0.8 %

Shares of Mr. Cooper Group stock opened at $134.21 on Monday. The company has a 50 day moving average price of $108.62 and a 200 day moving average price of $99.98. The firm has a market capitalization of $8.54 billion, a P/E ratio of 13.18, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group Inc. has a 52 week low of $74.49 and a 52 week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (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%. As a group, research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays increased their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Piper Sandler lowered shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and increased their price target for the company from $125.00 to $143.00 in a research report on Friday. Citizens Jmp cut shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, UBS Group boosted their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $114.78.

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.