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

Mr. Cooper Group Stock Performance

COOP stock opened at $97.70 on Thursday. The firm has a fifty day moving average price of $92.64 and a 200 day moving average price of $87.58. Mr. Cooper Group Inc. has a fifty-two week low of $55.82 and a fifty-two week high of $103.05. The firm has a market cap of $6.25 billion, a PE ratio of 12.62 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. During the same period in the previous year, the firm posted $2.79 EPS. The business’s quarterly revenue was up 32.8% on a year-over-year basis. On average, equities analysts predict that Mr. Cooper Group Inc. will post 10.17 EPS for the current year.

Institutional Investors Weigh In On Mr. Cooper Group

Several institutional investors have recently modified their holdings of the stock. Blueshift Asset Management LLC increased its position in shares of Mr. Cooper Group by 87.0% during the 3rd quarter. Blueshift Asset Management LLC now owns 5,343 shares of the company’s stock valued at $493,000 after purchasing an additional 2,486 shares during the last quarter. Cynosure Group LLC purchased a new position in Mr. Cooper Group during the third quarter worth $730,000. FMR LLC increased its position in Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after acquiring an additional 145,767 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of 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 acquiring an additional 270 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Mr. Cooper Group by 37.5% in the 3rd quarter. Citigroup Inc. now owns 88,249 shares of the company’s stock worth $8,135,000 after acquiring an additional 24,087 shares during the last quarter. 89.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COOP shares. Compass Point boosted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wedbush restated an “outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Barclays lifted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Piper Sandler upped their target price on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a report on Monday, July 22nd. Two 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 has an average rating of “Moderate Buy” and a consensus target price of $98.00.

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.