Thrivent Financial for Lutherans Sells 25,032 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Thrivent Financial for Lutherans decreased its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,922 shares of the company's stock after selling 25,032 shares during the quarter. Thrivent Financial for Lutherans owned 0.18% of Mr. Cooper Group worth $10,842,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management raised its holdings in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company's stock worth $41,000 after acquiring an additional 270 shares in the last quarter. Asset Planning Inc bought a new position in shares of Mr. Cooper Group in the fourth quarter worth about $48,000. ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Finally, Blue Trust Inc. boosted its stake in shares of Mr. Cooper Group by 38.8% in the 4th quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after purchasing an additional 222 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares of the company's stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.33% of the company's stock.

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Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $0.32 during midday trading on Wednesday, reaching $107.95. The company had a trading volume of 354,662 shares, compared to its average volume of 448,521. The stock has a fifty day moving average price of $105.75 and a 200 day moving average price of $98.33. Mr. Cooper Group Inc. has a fifty-two week low of $74.49 and a fifty-two week high of $114.05. The firm has a market cap of $6.87 billion, a PE ratio of 10.60, a P/E/G ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analyst Ratings Changes

COOP has been the subject of several research reports. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays boosted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, UBS Group lifted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and an average price target of $112.22.

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.