Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 15.1% in the 4th quarter, HoldingsChannel reports. The fund owned 103,665 shares of the company’s stock after selling 18,476 shares during the quarter. New York State Teachers Retirement System’s holdings in Mr. Cooper Group were worth $6,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Mr. Cooper Group in the first quarter valued at about $642,000. Cetera Advisor Networks LLC lifted its position in shares of Mr. Cooper Group by 10.9% during the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock valued at $248,000 after acquiring an additional 533 shares during the period. Citigroup Inc. boosted its stake in shares of Mr. Cooper Group by 37.5% during the 1st quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock worth $4,283,000 after acquiring an additional 25,580 shares in the last quarter. Natixis Advisors L.P. grew its holdings in shares of Mr. Cooper Group by 26.7% in the 1st quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock worth $701,000 after acquiring an additional 3,239 shares during the period. Finally, Bank of Montreal Can increased its stake in Mr. Cooper Group by 4.3% in the 1st quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock valued at $978,000 after purchasing an additional 869 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on COOP shares. Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a research report on Wednesday, January 10th. They issued a “buy” rating and a $88.00 price target on the stock. Finally, Wedbush lifted their price objective on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $78.50.

Mr. Cooper Group Trading Down 1.7 %

NASDAQ:COOP opened at $75.87 on Friday. Mr. Cooper Group Inc. has a 12-month low of $41.74 and a 12-month high of $78.54. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 10.34 and a beta of 1.38. The company’s 50-day moving average is $73.72 and its two-hundred day moving average is $65.00.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The business had revenue of $404.00 million for the quarter, compared to the consensus estimate of $398.31 million. On average, equities research analysts forecast that Mr. Cooper Group Inc. will post 8.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Monday, January 29th. The stock was sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the sale, the chief executive officer now owns 391,051 shares of the company’s stock, valued at $26,419,405.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the transaction, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Michael S. Weinbach bought 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Insiders have sold a total of 75,000 shares of company stock valued at $5,431,500 in the last quarter. 3.11% of the stock is currently owned by company insiders.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.