Russell Investments Group Ltd. Has $4.34 Million Stock Holdings in Mr. Cooper Group Inc $COOP

Key Points

• Mr. Cooper Group Inc has seen Russell Investments Group Ltd. increase its stake by 7.8%, now owning 36,293 shares valued at approximately $4.34 million.
• Several analysts have raised their price targets for COOP shares, with Barclays setting a new target of $156.00 and Piper Sandler at $158.00, indicating positive outlooks for the stock.
• CEO Jesse K. Bray sold 30,000 shares in August, reducing his ownership by 4.33%, yet still maintaining a valuable stake of approximately $115.87 million in the company.

Russell Investments Group Ltd. lifted its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,293 shares of the company's stock after acquiring an additional 2,613 shares during the period. Russell Investments Group Ltd. owned 0.06% of Mr. Cooper Group worth $4,341,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Informed Momentum Co LLC acquired a new position in Mr. Cooper Group during the first quarter worth approximately $4,658,000. HighTower Advisors LLC raised its holdings in shares of Mr. Cooper Group by 3.5% in the first quarter. HighTower Advisors LLC now owns 26,836 shares of the company's stock worth $3,210,000 after acquiring an additional 919 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Mr. Cooper Group by 42.4% in the first quarter. Public Sector Pension Investment Board now owns 227,117 shares of the company's stock valued at $27,163,000 after purchasing an additional 67,657 shares during the last quarter. Independent Advisor Alliance acquired a new position in Mr. Cooper Group in the first quarter valued at $229,000. Finally, Paulson Wealth Management Inc. acquired a new stake in Mr. Cooper Group during the first quarter worth about $208,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

NASDAQ COOP traded down $5.98 during trading on Monday, reaching $193.00. 371,953 shares of the company traded hands, compared to its average volume of 913,429. The stock's 50 day moving average price is $164.08 and its two-hundred day moving average price is $133.81. The company has a market cap of $12.35 billion, a price-to-earnings ratio of 22.08 and a beta of 0.98. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $203.42.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $669.23 million. During the same quarter last year, the firm earned $3.10 EPS. The business's revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of analyst reports. Piper Sandler increased their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays lifted their price target 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. UBS Group set a $176.00 price objective on Mr. Cooper Group in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group raised their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $140.38.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the transaction, the chief executive officer directly owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. This represents a 4.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by corporate insiders.

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.