Dakota Wealth Management Trims Position in Mr. Cooper Group Inc (NASDAQ:COOP)

Dakota Wealth Management lessened its stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 25.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,552 shares of the company's stock after selling 7,143 shares during the quarter. Dakota Wealth Management's holdings in Mr. Cooper Group were worth $2,458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of COOP. First Horizon Advisors Inc. acquired a new position in shares of Mr. Cooper Group during the first quarter worth $26,000. Picton Mahoney Asset Management increased its position 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 worth $31,000 after purchasing an additional 95 shares in the last quarter. Allworth Financial LP increased its position in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Mr. Cooper Group during the first quarter worth $55,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth $70,000. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Up 1.5%

COOP traded up $2.23 during trading on Friday, reaching $150.43. The company's stock had a trading volume of 769,884 shares, compared to its average volume of 731,887. The firm has a fifty day simple moving average of $140.07 and a two-hundred day simple moving average of $119.40. Mr. Cooper Group Inc has a 1 year low of $80.35 and a 1 year high of $158.00. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 0.43 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $2.73 EPS. As a group, equities analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the sale, the chief executive officer directly owned 693,187 shares of the company's stock, valued at $105,461,470.18. The trade was a 4.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COOP shares. Barclays upped their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Piper Sandler upped their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group reaffirmed a "neutral" rating and set a $156.00 price target on shares of Mr. Cooper Group in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average price target of $136.14.

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.