Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 18.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,922 shares of the company’s stock after selling 25,032 shares during the quarter. Thrivent Financial for Lutherans owned about 0.18% of Mr. Cooper Group worth $10,842,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Picton Mahoney Asset Management lifted its position in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after purchasing an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd increased its stake in Mr. Cooper Group by 152.5% in the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares during the last quarter. Asset Planning Inc purchased a new position in Mr. Cooper Group in the fourth quarter valued at approximately $48,000. ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at approximately $51,000. Finally, Blue Trust Inc. boosted its holdings in shares of Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after acquiring an additional 222 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Upgrades and Downgrades

COOP has been the subject of several recent research reports. UBS Group increased their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Barclays raised their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Piper Sandler lifted their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price objective on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $112.22.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $104.19 on Friday. The firm has a market capitalization of $6.63 billion, a P/E ratio of 10.23, a P/E/G ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 1-year low of $74.49 and a 1-year high of $114.05. The business’s 50-day simple moving average is $105.22 and its 200-day simple moving average is $98.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping 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%. On average, equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.33% 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.