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

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the sale, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mr. Cooper Group Trading Up 1.5 %

NASDAQ COOP opened at $95.39 on Monday. The stock has a market cap of $6.10 billion, a PE ratio of 12.32 and a beta of 1.43. Mr. Cooper Group Inc. has a twelve month low of $61.38 and a twelve month high of $103.05. The stock has a fifty day simple moving average of $95.97 and a 200-day simple moving average of $91.39.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same period last year, the business posted $2.79 EPS. Mr. Cooper Group’s revenue for the quarter was up 32.8% on a year-over-year basis. Research analysts predict that Mr. Cooper Group Inc. will post 10.16 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on COOP. Barclays upped their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. 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. Finally, Compass Point upped their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $100.57.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock valued at $251,370,000 after buying an additional 51,667 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 valued at $114,988,000 after buying an additional 125,055 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after buying an additional 52,001 shares during the period. LSV Asset Management boosted its stake in shares of Mr. Cooper Group by 249.2% in the 2nd quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after buying an additional 451,926 shares during the period. Finally, Basswood Capital Management L.L.C. boosted its stake in shares of Mr. Cooper Group by 36.6% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after buying an additional 132,970 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

About Mr. Cooper Group

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.