Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,941 shares of the company's stock after selling 2,913 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in Mr. Cooper Group were worth $570,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its stake 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. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $48,000. Kapitalo Investimentos Ltda purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $70,000. Covestor Ltd raised its stake in shares of Mr. Cooper Group by 418.9% during the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after buying an additional 599 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings 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 worth $76,000 after acquiring an additional 222 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the sale, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.73% of the company's stock.

Mr. Cooper Group Price Performance

NASDAQ:COOP traded down $3.39 during trading hours on Friday, reaching $129.34. 675,013 shares of the company traded hands, compared to its average volume of 619,800. The firm's 50-day moving average is $120.39 and its 200-day moving average is $107.78. The stock has a market cap of $8.28 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.32 and a beta of 1.06. Mr. Cooper Group Inc. has a 1-year low of $78.20 and a 1-year high of $138.35.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. Mr. Cooper Group's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.73 EPS. As a group, research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COOP. JMP Securities restated a "market outperform" rating and issued a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays upped their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Finally, Keefe, Bruyette & Woods upped their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.14.

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.