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 business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the sale, the chief executive officer now owns 818,821 shares in the company, valued at approximately $72,391,964.61. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Mr. Cooper Group Trading Up 0.5 %

Shares of COOP traded up $0.50 during mid-day trading on Tuesday, reaching $101.93. The company’s stock had a trading volume of 23,892 shares, compared to its average volume of 450,157. Mr. Cooper Group Inc. has a 1-year low of $55.61 and a 1-year high of $103.05. The stock has a market cap of $6.52 billion, a P/E ratio of 13.10 and a beta of 1.40. The business has a 50-day simple moving average of $92.33 and a two-hundred day simple moving average of $87.35.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share (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 firm posted $2.79 earnings per share. The business’s revenue was up 32.8% on a year-over-year basis. Research analysts anticipate that Mr. Cooper Group Inc. will post 10.17 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Mr. Cooper Group

A number of hedge funds have recently made changes to their positions in COOP. Price T Rowe Associates Inc. MD increased its stake in shares of Mr. Cooper Group by 984.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after purchasing an additional 354,905 shares during the period. 1832 Asset Management L.P. bought a new position in Mr. Cooper Group during the 1st quarter worth $5,301,000. Sei Investments Co. boosted its holdings in shares of Mr. Cooper Group by 68.2% in the 1st quarter. Sei Investments Co. now owns 36,139 shares of the company’s stock valued at $2,817,000 after purchasing an additional 14,652 shares in the last quarter. Waterfall Asset Management LLC acquired a new stake in shares of Mr. Cooper Group in the 2nd quarter valued at $809,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at $476,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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.