Dakota Wealth Management Sells 7,143 Shares of Mr. Cooper Group Inc (NASDAQ:COOP)

Dakota Wealth Management lowered its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 25.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Invesco Ltd. raised its holdings in Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock valued at $172,853,000 after buying an additional 89,544 shares during the period. Wellington Management Group LLP raised its stake in shares of Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after acquiring an additional 343,243 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock worth $126,438,000 after acquiring an additional 129,414 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Mr. Cooper Group by 16.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock worth $83,712,000 after purchasing an additional 125,897 shares during the period. Finally, Northern Trust Corp grew its holdings in Mr. Cooper Group by 6.8% during the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after purchasing an additional 53,534 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Barclays raised their price target 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. UBS Group reaffirmed a "neutral" rating and issued a $156.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday. 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 research report on Tuesday, April 8th. Finally, Piper Sandler boosted their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $136.14.

Mr. Cooper Group Stock Performance

COOP traded up $2.23 during trading on Friday, hitting $150.43. 769,884 shares of the stock were exchanged, compared to its average volume of 731,887. The firm has a 50 day simple moving average of $140.07 and a 200 day simple moving average of $119.40. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 0.43 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.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The business's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.73 EPS. As a group, equities analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated 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 owned 693,187 shares in the company, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.73% of the company's stock.

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.