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

by · The Markets Daily

Mr. Cooper Group Inc (NASDAQ:COOP – Get Free Report) CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the sale, the chief executive officer directly owned 663,187 shares in the company, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $189.34 on Wednesday. The firm has a market cap of $12.12 billion, a P/E ratio of 21.66 and a beta of 0.98. The business’s fifty day moving average is $148.87 and its two-hundred day moving average is $125.36. Mr. Cooper Group Inc has a 52 week low of $82.55 and a 52 week high of $190.47.

Mr. Cooper Group (NASDAQ:COOP – Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The company had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the prior year, the company posted $3.10 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COOP. Barclays raised their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Jefferies Financial Group lifted their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 22nd. UBS Group boosted their price target on shares of Mr. Cooper Group from $156.00 to $178.00 and gave the company a “neutral” rating in a research report on Tuesday. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $140.63.

Check Out Our Latest Report on Mr. Cooper Group

Hedge Funds Weigh In On Mr. Cooper Group

Large investors have recently made changes to their positions in the company. AlphaQuest LLC grew its position in Mr. Cooper Group by 88.0% during the second quarter. AlphaQuest LLC now owns 188 shares of the company’s stock worth $28,000 after buying an additional 88 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Mr. Cooper Group during the 1st quarter valued at $26,000. Allworth Financial LP boosted its holdings in shares of Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after acquiring an additional 87 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group during the 1st quarter valued at $55,000. Finally, SVB Wealth LLC bought a new position in Mr. Cooper Group during the 1st quarter worth $62,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

(Get Free Report)

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.

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