Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray Sells 30,000 Shares of Stock

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 30,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 818,821 shares of the company’s stock, valued at approximately $72,391,964.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mr. Cooper Group Stock Performance

COOP stock opened at $101.20 on Wednesday. The company has a 50 day moving average price of $92.52 and a two-hundred day moving average price of $87.51. The stock has a market capitalization of $6.48 billion, a P/E ratio of 13.07 and a beta of 1.40. Mr. Cooper Group Inc. has a one year low of $55.61 and a one year high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The firm had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. During the same period in the prior year, the firm posted $2.79 earnings per share. The business’s quarterly revenue was up 32.8% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Mr. Cooper Group

Several hedge funds have recently modified their holdings of COOP. LSV Asset Management increased its position in Mr. Cooper Group by 249.2% during the second quarter. LSV Asset Management now owns 633,260 shares of the company’s stock worth $51,440,000 after purchasing an additional 451,926 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Mr. Cooper Group by 984.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after acquiring an additional 354,905 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Mr. Cooper Group in the second quarter valued at $21,609,000. Cercano Management LLC increased its stake in Mr. Cooper Group by 39.1% during the first quarter. Cercano Management LLC now owns 502,618 shares of the company’s stock worth $39,179,000 after acquiring an additional 141,332 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after purchasing an additional 125,055 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

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.