United Services Automobile Association Makes New $508,000 Investment in Mr. Cooper Group Inc $COOP

Key Points

• United Services Automobile Association has acquired 4,246 shares of Mr. Cooper Group Inc, valued at approximately $508,000, marking a new investment in the company.
• Mr. Cooper Group reported a decline in earnings, with EPS of $3.13 for the quarter, missing estimates by $0.15, while revenue reached $608 million against expectations of $669 million.
• CEO Jesse K. Bray sold 30,000 shares valued at about $5.47 million, reducing his ownership by 4.52%, with insiders having sold a total of 90,000 shares in the last quarter.

United Services Automobile Association purchased a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,246 shares of the company's stock, valued at approximately $508,000.

Several other institutional investors and hedge funds have also bought and sold shares of COOP. Cetera Investment Advisers raised its position in shares of Mr. Cooper Group by 57.4% in the 4th quarter. Cetera Investment Advisers now owns 13,031 shares of the company's stock valued at $1,251,000 after buying an additional 4,750 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Mr. Cooper Group by 27.7% during the fourth quarter. EP Wealth Advisors LLC now owns 2,985 shares of the company's stock worth $287,000 after purchasing an additional 648 shares during the last quarter. Focus Partners Wealth bought a new stake in Mr. Cooper Group during the fourth quarter worth $339,000. Jefferies Financial Group Inc. acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at $394,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Mr. Cooper Group by 2.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,930 shares of the company's stock valued at $3,450,000 after purchasing an additional 1,002 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was 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 approximately $115,512,304.41. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 90,000 shares of company stock worth $15,278,700. 1.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on COOP shares. Piper Sandler upped their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Jefferies Financial Group increased their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Finally, Barclays upped their price objective 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. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $140.38.

Mr. Cooper Group Trading Up 0.3%

NASDAQ:COOP traded up $0.65 during mid-day trading on Friday, hitting $220.35. 504,969 shares of the company's stock were exchanged, compared to its average volume of 737,687. Mr. Cooper Group Inc has a fifty-two week low of $84.68 and a fifty-two week high of $234.73. The firm has a market capitalization of $14.10 billion, a P/E ratio of 25.21 and a beta of 0.98. The company has a 50 day simple moving average of $178.70 and a 200-day simple moving average of $142.69.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts' consensus estimates 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 quarter last year, the firm posted $3.10 EPS. Mr. Cooper Group's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

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.