Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Sells $3,367,200.00 in Stock

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mr. Cooper Group Stock Up 1.9 %

Shares of NASDAQ COOP opened at $110.37 on Thursday. The firm’s 50-day moving average price is $102.91 and its two-hundred day moving average price is $97.05. Mr. Cooper Group Inc. has a 52-week low of $70.88 and a 52-week high of $114.05. The stock has a market capitalization of $7.02 billion, a P/E ratio of 10.84, a P/E/G ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COOP. Picton Mahoney Asset Management raised its stake in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after acquiring an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Mr. Cooper Group by 152.5% during 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 in the last quarter. Asset Planning Inc acquired a new stake in Mr. Cooper Group in the fourth quarter worth about $48,000. ORG Partners LLC bought a new position in Mr. Cooper Group in the 4th quarter valued at about $51,000. Finally, Harbor Capital Advisors Inc. bought a new position in Mr. Cooper Group in the 3rd quarter valued at about $52,000. 89.82% of the stock is owned by institutional investors and hedge funds.

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.