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 on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares of the company’s stock, valued at $76,973,153.18. This trade represents a 3.66 % 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 Down 0.7 %

Shares of COOP stock opened at $96.74 on Wednesday. Mr. Cooper Group Inc. has a 52 week low of $61.38 and a 52 week high of $103.05. The firm has a market capitalization of $6.19 billion, a PE ratio of 12.50 and a beta of 1.41. The company has a 50 day moving average price of $94.40 and a 200-day moving average price of $89.18.

Mr. Cooper Group (NASDAQ:COOP) last issued 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. The firm had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company’s revenue for the quarter was up 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.79 EPS. Analysts anticipate that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

Wall Street Analyst Weigh In

COOP has been the topic of several recent research reports. Barclays increased their target price on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Compass Point raised their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $98.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. CWM LLC raised its position in shares of Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares during the period. Aristeia Capital L.L.C. lifted its stake in shares of Mr. Cooper Group by 4.2% during the 2nd quarter. Aristeia Capital L.L.C. now owns 4,197 shares of the company’s stock valued at $341,000 after buying an additional 169 shares in the last quarter. Truist Financial Corp boosted its holdings in Mr. Cooper Group by 1.6% in the 2nd quarter. Truist Financial Corp now owns 11,840 shares of the company’s stock worth $962,000 after buying an additional 187 shares during the period. Finally, Evergreen Capital Management LLC increased its stake in Mr. Cooper Group by 4.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,236 shares of the company’s stock worth $425,000 after buying an additional 211 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

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.