Whalen Wealth Management Inc. Invests $478,000 in Mr. Cooper Group Inc. (NASDAQ:COOP)

Whalen Wealth Management Inc. acquired a new stake in Mr. Cooper Group Inc. (NASDAQ:COOP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,186 shares of the company’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Blue Trust Inc. lifted its position in Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after buying an additional 145 shares in the last quarter. CWM LLC grew its stake in shares of Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares during the last quarter. Aristeia Capital L.L.C. increased its holdings in shares of Mr. Cooper Group by 4.2% in the second quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock valued at $341,000 after purchasing an additional 169 shares in the last quarter. Truist Financial Corp raised its position in Mr. Cooper Group by 1.6% in the 2nd quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after purchasing an additional 187 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Mr. Cooper Group by 2.0% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock worth $820,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analysts Set New Price Targets

COOP has been the topic of several analyst reports. Barclays increased their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Compass Point upped their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods cut shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Monday, July 22nd. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $98.00.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock opened at $97.32 on Tuesday. The firm has a market cap of $6.23 billion, a PE ratio of 12.57 and a beta of 1.40. The business’s 50 day simple moving average is $93.06 and its 200 day simple moving average is $88.04. Mr. Cooper Group Inc. has a 52-week low of $58.17 and a 52-week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. The firm had revenue of $616.00 million for the quarter, compared to analysts’ expectations of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company’s revenue for the quarter was up 32.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.79 EPS. As a group, equities research analysts predict that Mr. Cooper Group Inc. will post 10.17 EPS for the current year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the transaction, the chief executive officer now directly owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 3.53 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.33% of the company’s stock.

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.