Jump Financial LLC Trims Stock Holdings in Mr. Cooper Group Inc $COOP

Key Points

• Jump Financial LLC reduced its holdings in Mr. Cooper Group Inc by 36.5%, now owning 2,540 shares valued at approximately $304,000 after selling 1,460 shares in the first quarter.
• Institutional investors currently own 89.82% of Mr. Cooper Group's stock, with several hedge funds, including Park Avenue Securities LLC and Natixis Advisors LLC, increasing their stakes during the same period.
• Analysts have adjusted their price targets for Mr. Cooper Group, with Barclays raising it to $156.00 and UBS Group setting it at $176.00, reflecting a generally positive outlook despite a recent earnings miss.

Jump Financial LLC lowered its holdings in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 36.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,540 shares of the company's stock after selling 1,460 shares during the period. Jump Financial LLC's holdings in Mr. Cooper Group were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its position in shares of Mr. Cooper Group by 13.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company's stock valued at $908,000 after purchasing an additional 1,140 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Mr. Cooper Group during the 4th quarter valued at $335,000. Cetera Investment Advisers lifted its position in shares of Mr. Cooper Group by 57.4% in the fourth quarter. Cetera Investment Advisers now owns 13,031 shares of the company's stock worth $1,251,000 after buying an additional 4,750 shares during the last quarter. EP Wealth Advisors LLC grew its position in Mr. Cooper Group by 27.7% during the 4th quarter. EP Wealth Advisors LLC now owns 2,985 shares of the company's stock worth $287,000 after acquiring an additional 648 shares during the last quarter. Finally, Clark Capital Management Group Inc. lifted its holdings in shares of Mr. Cooper Group by 40.7% in the fourth quarter. Clark Capital Management Group Inc. now owns 77,379 shares of the company's stock valued at $7,429,000 after purchasing an additional 22,367 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on COOP. Barclays raised their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. 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 note on Tuesday, July 1st. UBS Group set a $176.00 target price on shares of Mr. Cooper Group in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group increased their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Mr. Cooper Group currently has an average rating of "Hold" and a consensus price target of $140.38.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the transaction, the chief executive officer owned 633,187 shares of the company's stock, valued at $115,512,304.41. The trade was a 4.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 90,000 shares of company stock valued at $15,278,700 over the last three months. 2.33% of the stock is currently owned by corporate insiders.

Mr. Cooper Group Price Performance

NASDAQ:COOP traded up $1.86 during trading hours on Monday, reaching $214.97. 364,251 shares of the company were exchanged, compared to its average volume of 975,894. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $216.79. The company has a market capitalization of $13.76 billion, a P/E ratio of 24.59 and a beta of 0.97. The business has a 50 day moving average of $172.07 and a 200 day moving average of $139.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.10 EPS. As a group, equities research analysts anticipate that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal 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.