Mr. Cooper Group Inc (NASDAQ:COOP) Shares Purchased by Stifel Financial Corp

Stifel Financial Corp grew its position in Mr. Cooper Group Inc (NASDAQ:COOP) by 423.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 216,554 shares of the company’s stock after purchasing an additional 175,215 shares during the period. Stifel Financial Corp owned approximately 0.24% of Mr. Cooper Group worth $2,300,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vista Private Wealth Partners. LLC acquired a new position in shares of Mr. Cooper Group during the third quarter worth approximately $27,000. Patriot Financial Group Insurance Agency LLC increased its position in Mr. Cooper Group by 411.1% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,525 shares of the company’s stock valued at $27,000 after acquiring an additional 2,031 shares during the period. Panagora Asset Management Inc. acquired a new stake in Mr. Cooper Group in the 2nd quarter valued at approximately $31,000. Tower Research Capital LLC TRC acquired a new stake in Mr. Cooper Group in the 3rd quarter valued at approximately $53,000. Finally, Trexquant Investment LP bought a new stake in Mr. Cooper Group during the 2nd quarter valued at $107,000. Hedge funds and other institutional investors own 81.69% of the company’s stock.

A number of research analysts have issued reports on COOP shares. Zacks Investment Research upgraded Mr. Cooper Group from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Thursday, October 17th. Barclays set a $14.00 price target on Mr. Cooper Group and gave the company a “hold” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.75.

COOP stock opened at $12.98 on Wednesday. The firm’s 50-day moving average is $12.77 and its two-hundred day moving average is $9.85. Mr. Cooper Group Inc has a 52 week low of $6.57 and a 52 week high of $15.68. The company has a debt-to-equity ratio of 3.13, a quick ratio of 1.85 and a current ratio of 1.85.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.44. Mr. Cooper Group had a negative net margin of 21.46% and a positive return on equity of 8.81%. The business had revenue of $618.00 million during the quarter, compared to analysts’ expectations of $594.15 million. Equities analysts anticipate that Mr. Cooper Group Inc will post 3.45 earnings per share for the current fiscal year.

About Mr. Cooper Group

Mr. Cooper Group Inc provides servicing, origination, and transaction-based services related principally to single-family residences in the United States. The company operates through three segments: Servicing, Originations, and Xome. The Servicing segment performs activities for originated and purchased loans, as well as operates as a subservicer for various clients that own the underlying servicing rights.

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

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