Mr. Cooper Group Inc $COOP Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in Mr. Cooper Group Inc (NASDAQ:COOP) by 12.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,270 shares of the company’s stock after selling 765 shares during the period. Advisors Asset Management Inc.’s holdings in Mr. Cooper Group were worth $630,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new position in shares of Mr. Cooper Group in the first quarter valued at $26,000. Allworth Financial LP grew its stake in Mr. Cooper Group by 24.5% in 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 during the last quarter. USA Financial Formulas purchased a new position in Mr. Cooper Group during the 1st quarter valued at about $55,000. SVB Wealth LLC purchased a new position in Mr. Cooper Group during the 1st quarter valued at about $62,000. Finally, CWM LLC raised its position in Mr. Cooper Group by 20.7% during the first quarter. CWM LLC now owns 781 shares of the company’s stock worth $93,000 after acquiring an additional 134 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Jefferies Financial Group upped their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research note on Tuesday, July 22nd. Piper Sandler increased their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Finally, Barclays raised their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $140.38.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the completion of the transaction, the chief executive officer directly owned 633,187 shares in the company, valued at approximately $115,512,304.41. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 90,000 shares of company stock worth $15,278,700. Insiders own 1.73% of the company’s stock.

Mr. Cooper Group Trading Up 1.3%

Shares of NASDAQ:COOP opened at $218.00 on Thursday. The stock’s 50-day moving average price is $175.94 and its two-hundred day moving average price is $140.96. Mr. Cooper Group Inc has a 12-month low of $84.15 and a 12-month high of $231.52. The firm has a market cap of $13.95 billion, a price-to-earnings ratio of 24.94 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). The firm had revenue of $608.00 million for the quarter, compared to analysts’ expectations of $669.23 million. Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. Mr. Cooper Group’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $3.10 EPS. As a group, research analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

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.