Mr. Cooper Group Inc (NASDAQ:COOP) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,288 shares of the company's stock after selling 13,479 shares during the quarter. Bank of New York Mellon Corp owned about 0.72% of Mr. Cooper Group worth $55,170,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COOP. Picton Mahoney Asset Management increased its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares in the last quarter. Penbrook Management LLC increased its stake in Mr. Cooper Group by 0.6% during the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock valued at $1,893,000 after purchasing an additional 100 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock valued at $479,000 after purchasing an additional 128 shares in the last quarter. MorganRosel Wealth Management LLC raised its holdings in shares of Mr. Cooper Group by 1.2% in the first quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company's stock worth $1,620,000 after buying an additional 154 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Mr. Cooper Group by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock worth $333,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

NASDAQ:COOP traded up $3.35 during trading hours on Wednesday, reaching $146.64. The company had a trading volume of 486,294 shares, compared to its average volume of 974,159. The firm has a market cap of $9.38 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05. Mr. Cooper Group Inc has a 1-year low of $80.35 and a 1-year high of $158.00. The business's 50 day moving average price is $138.20 and its 200-day moving average price is $118.46.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million during the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The business's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.73 EPS. On average, analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the sale, the chief executive officer directly owned 693,187 shares in the company, valued at $105,461,470.18. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group reissued a "neutral" rating and issued a $156.00 target price on shares of Mr. Cooper Group in a research report on Tuesday. Barclays raised their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods lifted their target price 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. Piper Sandler increased their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $136.14.

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.