Mr. Cooper Group Inc (NASDAQ:COOP) Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Mr. Cooper Group Inc by 2.9%, selling 26,396 shares during the 1st quarter, leaving it with approximately 1.39% ownership worth $106.4 million.
• CEO Jesse K. Bray sold 30,000 shares on August 1st, resulting in a total transaction value of over $5.24 million, and a decrease in his ownership by 4.33%.
• Mr. Cooper Group reported earnings of $3.13 per share for the last quarter, missing analysts' expectations, with revenue reaching $608 million, below estimates of $669 million.

Charles Schwab Investment Management Inc. cut its holdings in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 889,916 shares of the company's stock after selling 26,396 shares during the period. Charles Schwab Investment Management Inc. owned about 1.39% of Mr. Cooper Group worth $106,434,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. US Bancorp DE boosted its holdings in shares of Mr. Cooper Group by 11.7% in the 1st quarter. US Bancorp DE now owns 4,073 shares of the company's stock valued at $487,000 after buying an additional 428 shares during the period. Alpine Associates Management Inc. acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $10,716,000. Natixis Advisors LLC boosted its holdings in shares of Mr. Cooper Group by 9.6% in the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company's stock valued at $2,865,000 after buying an additional 2,093 shares during the period. Vestcor Inc acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $195,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in shares of Mr. Cooper Group by 234.5% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,495 shares of the company's stock valued at $179,000 after buying an additional 1,048 shares during the period. 89.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the sale, the chief executive officer directly owned 663,187 shares in the company, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on COOP shares. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Piper Sandler lifted their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Barclays lifted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group lifted their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $140.38.

Mr. Cooper Group Stock Performance

Shares of COOP stock traded down $2.33 during midday trading on Friday, reaching $191.27. 704,119 shares of the company were exchanged, compared to its average volume of 1,190,807. Mr. Cooper Group Inc has a 12 month low of $84.15 and a 12 month high of $203.42. The company has a market cap of $12.24 billion, a P/E ratio of 21.88 and a beta of 0.98. The company's 50 day moving average price is $158.21 and its two-hundred day moving average price is $129.91.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released 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 company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter last year, the firm posted $3.10 earnings per share. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

About Mr. Cooper Group

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.