Mr. Cooper Group Inc (NASDAQ:COOP) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 52.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,542 shares of the company's stock after selling 21,183 shares during the quarter. Teacher Retirement System of Texas' holdings in Mr. Cooper Group were worth $2,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of COOP. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group in the 4th quarter valued at approximately $1,603,000. Park Avenue Securities LLC acquired a new position in Mr. Cooper Group during the 1st quarter worth approximately $1,684,000. Assenagon Asset Management S.A. boosted 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 valued at $126,438,000 after buying an additional 129,414 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at $394,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mr. Cooper Group by 15.5% in the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after buying an additional 86,510 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mr. Cooper Group

In other 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 transaction of $4,564,200.00. Following the transaction, the chief executive officer directly owned 693,187 shares of the company's stock, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.73% of the company's stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $149.05 on Thursday. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.43 and a beta of 1.05. Mr. Cooper Group Inc has a 1 year low of $79.24 and a 1 year high of $158.00. The firm has a 50 day moving average price of $135.91 and a 200 day moving average price of $116.85.

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 for the quarter, beating analysts' consensus estimates of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. Mr. Cooper Group's revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.73 earnings per share. Sell-side analysts predict that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Piper Sandler increased their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays raised their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a report on Tuesday. Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Finally, UBS Group lifted their price target on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Mr. Cooper Group has an average rating of "Moderate Buy" and a consensus target price of $134.57.

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.

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