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

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was 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 directly owns 818,821 shares in the company, valued at approximately $72,391,964.61. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mr. Cooper Group Stock Down 0.2 %

Shares of NASDAQ COOP traded down $0.23 during trading on Tuesday, reaching $101.20. The company had a trading volume of 555,919 shares, compared to its average volume of 452,586. Mr. Cooper Group Inc. has a 12-month low of $55.61 and a 12-month high of $103.05. The stock has a market cap of $6.48 billion, a PE ratio of 13.10 and a beta of 1.40. The business's 50-day moving average is $92.33 and its 200 day moving average is $87.35.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.54 by $0.30. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. During the same period in the previous year, the company earned $2.79 earnings per share. The business's quarterly revenue was up 32.8% compared to the same quarter last year. On average, analysts anticipate that Mr. Cooper Group Inc. will post 10.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of COOP. Price T Rowe Associates Inc. MD boosted its holdings in Mr. Cooper Group by 984.4% during the first 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. 1832 Asset Management L.P. bought a new stake in Mr. Cooper Group during the first quarter valued at $5,301,000. Sei Investments Co. lifted its stake in Mr. Cooper Group by 68.2% during the 1st quarter. Sei Investments Co. now owns 36,139 shares of the company's stock valued at $2,817,000 after acquiring an additional 14,652 shares in the last quarter. Waterfall Asset Management LLC purchased a new position in Mr. Cooper Group during the 2nd quarter valued at about $809,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Mr. Cooper Group in the first quarter worth approximately $476,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Analyst Ratings Changes

COOP has been the subject of several research reports. Wedbush reaffirmed an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, October 24th. Compass Point upped their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Piper Sandler boosted their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. Barclays increased 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 lowered Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price target on the stock. in a research note on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $98.00.

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.