Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray Sells 30,000 Shares

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total value of $2,834,700.00. Following the sale, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock traded up $1.39 during trading hours on Friday, hitting $95.39. The company had a trading volume of 386,163 shares, compared to its average volume of 571,531. Mr. Cooper Group Inc. has a fifty-two week low of $61.38 and a fifty-two week high of $103.05. The firm has a market capitalization of $6.10 billion, a P/E ratio of 12.32 and a beta of 1.41. The firm's fifty day moving average is $95.84 and its 200-day moving average is $91.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly 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. The business had revenue of $616.00 million for the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Mr. Cooper Group's revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.79 earnings per share. Analysts anticipate that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COOP. Compass Point upped their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note 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 report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Mr. Cooper Group currently has an average rating of "Moderate Buy" and a consensus price target of $100.57.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in Mr. Cooper Group by 8,275.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock valued at $27,000 after acquiring an additional 331 shares in the last quarter. Quarry LP acquired a new position in shares of Mr. Cooper Group during the 2nd quarter worth $29,000. Financial Management Professionals Inc. bought a new position in shares of Mr. Cooper Group during the 3rd quarter valued at $30,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock valued at $41,000 after purchasing an additional 270 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in Mr. Cooper Group in the third quarter worth $52,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.