Creative Planning boosted its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP – Free Report) by 60.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,417 shares of the company’s stock after acquiring an additional 4,281 shares during the quarter. Creative Planning’s holdings in Mr. Cooper Group were worth $578,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COOP. BlackRock Inc. raised its position in shares of Mr. Cooper Group by 4.2% in the first quarter. BlackRock Inc. now owns 11,145,045 shares of the company’s stock valued at $456,612,000 after purchasing an additional 450,346 shares during the period. Vanguard Group Inc. raised its position in shares of Mr. Cooper Group by 25.0% in the first quarter. Vanguard Group Inc. now owns 8,125,291 shares of the company’s stock valued at $371,082,000 after purchasing an additional 1,622,582 shares during the period. Wellington Management Group LLP raised its position in shares of Mr. Cooper Group by 12,377.0% in the first quarter. Wellington Management Group LLP now owns 1,841,226 shares of the company’s stock valued at $84,089,000 after purchasing an additional 1,826,469 shares during the period. Rubric Capital Management LP raised its position in shares of Mr. Cooper Group by 53.6% in the first quarter. Rubric Capital Management LP now owns 1,738,038 shares of the company’s stock valued at $71,207,000 after purchasing an additional 606,312 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Mr. Cooper Group by 3.5% in the first quarter. Geode Capital Management LLC now owns 1,387,751 shares of the company’s stock valued at $56,856,000 after purchasing an additional 46,577 shares during the period. Institutional investors own 80.46% of the company’s stock.
Insiders Place Their Bets
In other Mr. Cooper Group news, CEO Michael R. Rawls sold 33,000 shares of Mr. Cooper Group stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $59.17, for a total transaction of $1,952,610.00. Following the sale, the chief executive officer now owns 82,263 shares in the company, valued at $4,867,501.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael R. Rawls sold 33,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $59.17, for a total value of $1,952,610.00. Following the sale, the chief executive officer now owns 82,263 shares in the company, valued at approximately $4,867,501.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jesse K. Bray sold 21,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $55.77, for a total transaction of $1,171,170.00. Following the completion of the sale, the chief executive officer now owns 516,051 shares in the company, valued at approximately $28,780,164.27. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock worth $4,356,900 over the last 90 days. Corporate insiders own 3.11% of the company’s stock.
Mr. Cooper Group Trading Down 1.9 %
Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.44. Mr. Cooper Group had a net margin of 17.99% and a return on equity of 7.42%. The firm had revenue of $486.00 million for the quarter, compared to the consensus estimate of $422.27 million. Equities research analysts anticipate that Mr. Cooper Group Inc. will post 6.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently commented on COOP. Wedbush lifted their price target on shares of Mr. Cooper Group from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Piper Sandler lifted their price target on shares of Mr. Cooper Group from $63.00 to $72.00 in a research report on Thursday, July 27th. Keefe, Bruyette & Woods raised shares of Mr. Cooper Group from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $62.00 to $65.00 in a research report on Monday, October 2nd. Finally, Compass Point boosted their target price on shares of Mr. Cooper Group from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.33.
Check Out Our Latest Report on Mr. Cooper Group
About Mr. Cooper Group
Mr. Cooper Group Inc engages in non-banking services for mortgage loans 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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