Farther Finance Advisors LLC Sells 336 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Farther Finance Advisors LLC cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 27.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 878 shares of the company’s stock after selling 336 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mr. Cooper Group were worth $81,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of COOP. LSV Asset Management grew its stake in Mr. Cooper Group by 249.2% in the second quarter. LSV Asset Management now owns 633,260 shares of the company’s stock valued at $51,440,000 after acquiring an additional 451,926 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mr. Cooper Group by 984.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock valued at $30,476,000 after acquiring an additional 354,905 shares during the period. Hantz Financial Services Inc. purchased a new position in Mr. Cooper Group in the 2nd quarter valued at approximately $21,609,000. Cercano Management LLC boosted its stake in Mr. Cooper Group by 39.1% in the 1st quarter. Cercano Management LLC now owns 502,618 shares of the company’s stock worth $39,179,000 after purchasing an additional 141,332 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Mr. Cooper Group by 11.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after acquiring an additional 125,055 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Wall Street Analyst Weigh In

COOP has been the subject of several research analyst reports. Piper Sandler lifted their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Compass Point increased their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wedbush reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Barclays lifted their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods downgraded 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the transaction, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.33% of the company’s stock.

Mr. Cooper Group Trading Down 0.2 %

Shares of COOP stock opened at $101.20 on Wednesday. Mr. Cooper Group Inc. has a 12 month low of $55.61 and a 12 month high of $103.05. The company has a 50 day simple moving average of $92.52 and a two-hundred day simple moving average of $87.51. The stock has a market cap of $6.48 billion, a P/E ratio of 13.07 and a beta of 1.40.

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

Mr. Cooper Group 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.