Sequoia Financial Advisors LLC Has $340,000 Stock Holdings in Mr. Cooper Group Inc $COOP

Sequoia Financial Advisors LLC raised its stake in Mr. Cooper Group Inc (NASDAQ:COOP) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,279 shares of the company’s stock after acquiring an additional 242 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Mr. Cooper Group were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group during the 1st quarter worth approximately $26,000. Allworth Financial LP grew its holdings 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 buying an additional 87 shares in the last quarter. SVB Wealth LLC bought a new position in Mr. Cooper Group during the 1st quarter worth $62,000. CWM LLC lifted its holdings in shares of 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 buying an additional 134 shares in the last quarter. Finally, USA Financial Formulas boosted its position in shares of Mr. Cooper Group by 91.1% in the second quarter. USA Financial Formulas now owns 883 shares of the company’s stock valued at $132,000 after acquiring an additional 421 shares during the period. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of COOP stock opened at $210.79 on Wednesday. Mr. Cooper Group Inc has a twelve month low of $84.68 and a twelve month high of $234.73. The company has a market cap of $13.49 billion, a P/E ratio of 24.12 and a beta of 1.08. The business has a fifty day simple moving average of $205.86 and a 200 day simple moving average of $161.97.

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

Mr. Cooper Group Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, October 7th. Investors of record on Monday, September 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 29th. Mr. Cooper Group’s dividend payout ratio is presently 22.88%.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer owned 633,187 shares in the company, valued at $115,512,304.41. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on COOP shares. Barclays raised their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mr. Cooper Group in a report on Saturday, September 27th. 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 increased their price target on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Finally, Piper Sandler raised their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $140.38.

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.