Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,691 shares of the company's stock after selling 2,902 shares during the period. New York State Teachers Retirement System owned about 0.14% of Mr. Cooper Group worth $8,707,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Asset Planning Inc purchased a new stake in Mr. Cooper Group in the 4th quarter valued at about $48,000. Graham Capital Wealth Management LLC purchased a new stake in Mr. Cooper Group in the 4th quarter valued at about $2,276,000. Spire Wealth Management purchased a new stake in Mr. Cooper Group in the 4th quarter valued at about $1,480,000. Penbrook Management LLC boosted its position in Mr. Cooper Group by 37.9% in the 4th quarter. Penbrook Management LLC now owns 15,725 shares of the company's stock valued at $1,510,000 after buying an additional 4,325 shares during the period. Finally, KBC Group NV boosted its position in Mr. Cooper Group by 88.7% in the 4th quarter. KBC Group NV now owns 3,306 shares of the company's stock valued at $317,000 after buying an additional 1,554 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded up $1.36 during midday trading on Friday, reaching $110.51. 772,403 shares of the stock traded hands, compared to its average volume of 485,071. Mr. Cooper Group Inc. has a 12-month low of $70.01 and a 12-month high of $110.97. The business has a 50-day moving average of $100.78 and a two-hundred day moving average of $95.83. The stock has a market capitalization of $7.07 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43.

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Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating 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%. Research analysts anticipate that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now owns 758,821 shares of the company's stock, valued at $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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