Deutsche Bank AG Sells 33,994 Shares of Mr. Cooper Group Inc $COOP

Key Points

• Deutsche Bank AG reduced its stake in Mr. Cooper Group Inc by 18.7%, selling 33,994 shares during the first quarter, leaving them with 147,899 shares valued at approximately $17.69 million.
• CEO Jesse K. Bray sold 30,000 shares for about $5.24 million, resulting in a 4.33% decrease in their holdings.
• Mr. Cooper Group's stock increased 5.8% recently, opening at $202.86, with a market capitalization of $12.98 billion and a PE ratio of 23.21.

Deutsche Bank AG reduced its stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 18.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,899 shares of the company's stock after selling 33,994 shares during the quarter. Deutsche Bank AG owned about 0.23% of Mr. Cooper Group worth $17,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in COOP. First Horizon Advisors Inc. bought a new stake in shares of Mr. Cooper Group in the 1st quarter worth approximately $26,000. Allworth Financial LP boosted its position in shares of Mr. Cooper Group by 24.5% in the 1st 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 bought a new position in Mr. Cooper Group in the 1st quarter valued at approximately $55,000. Kapitalo Investimentos Ltda bought a new position in Mr. Cooper Group in the 4th quarter valued at approximately $70,000. Finally, CWM LLC lifted its position in Mr. Cooper Group by 20.7% in the 1st quarter. CWM LLC now owns 781 shares of the company's stock valued at $93,000 after acquiring an additional 134 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the sale, the chief executive officer owned 663,187 shares in the company, valued at approximately $115,872,032.64. This represents a 4.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded down $5.00 during midday trading on Monday, hitting $186.28. The company had a trading volume of 195,733 shares, compared to its average volume of 994,432. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 21.31 and a beta of 0.98. Mr. Cooper Group Inc has a 12-month low of $84.15 and a 12-month high of $203.42. The company has a fifty day moving average of $158.21 and a two-hundred day moving average of $130.24.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). The company had revenue of $608.00 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company earned $3.10 earnings per share. Research analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COOP. Piper Sandler upped their price objective 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. Barclays upped their price objective 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. Jefferies Financial Group upped their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Finally, UBS Group set a $176.00 price objective on Mr. Cooper Group in a research report on Tuesday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $140.38.

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.