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

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mr. Cooper Group Stock Performance

Shares of Mr. Cooper Group stock traded down $2.72 on Tuesday, hitting $108.26. The company’s stock had a trading volume of 827,116 shares, compared to its average volume of 541,185. Mr. Cooper Group Inc. has a 1 year low of $70.51 and a 1 year high of $114.05. The firm has a fifty day moving average price of $102.64 and a 200-day moving average price of $96.93. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Hedge Funds Weigh In On Mr. Cooper Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Picton Mahoney Asset Management boosted its holdings in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after buying an additional 95 shares during the last quarter. Williamson Legacy Group LLC boosted its holdings in shares of Mr. Cooper Group by 1.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock worth $1,040,000 after purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock valued at $479,000 after acquiring an additional 128 shares during the last quarter. Dakota Wealth Management lifted its holdings in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after acquiring an additional 181 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $333,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on COOP shares. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays raised their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler raised their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.22.

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.