Paulson Wealth Management Inc. Purchases Shares of 1,741 Mr. Cooper Group Inc (NASDAQ:COOP)

Key Points

• Paulson Wealth Management Inc. invested approximately $208,000 in Mr. Cooper Group Inc., acquiring 1,741 shares during the first quarter.
• The stock has a market cap of $11.35 billion and recent quarterly earnings showed a net margin of 25.38%, although earnings per share slightly missed analyst estimates.
• Insider trading was noted, with CEO Jesse K. Bray selling 30,000 shares valued at over $5 million, reducing his ownership by 4.33%.

Paulson Wealth Management Inc. acquired a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,741 shares of the company's stock, valued at approximately $208,000.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. purchased a new position in Mr. Cooper Group during the 1st quarter worth $26,000. Allworth Financial LP lifted its position in Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after acquiring an additional 87 shares during the period. USA Financial Formulas acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $55,000. Kapitalo Investimentos Ltda purchased a new position in shares of Mr. Cooper Group in the 4th quarter valued at about $70,000. Finally, Covestor Ltd increased its stake in shares of Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after purchasing an additional 599 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Performance

COOP traded down $0.17 during trading on Friday, reaching $193.43. The company's stock had a trading volume of 263,980 shares, compared to its average volume of 996,543. Mr. Cooper Group Inc has a 52-week low of $84.15 and a 52-week high of $203.42. The company's fifty day moving average price is $157.01 and its 200-day moving average price is $129.32. The company has a market capitalization of $12.38 billion, a price-to-earnings ratio of 22.12 and a beta of 0.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). The firm had revenue of $608.00 million for 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%. Mr. Cooper Group's revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $3.10 EPS. Equities analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Analysts Set New Price Targets

COOP has been the subject of several research reports. Piper Sandler boosted their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Jefferies Financial Group increased their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Tuesday, July 22nd. UBS Group set a $176.00 price target on Mr. Cooper Group in a research note on Tuesday, August 5th. Finally, Barclays lifted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $140.38.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the completion of the transaction, the chief executive officer directly owned 663,187 shares in the company, valued at $115,872,032.64. The trade was a 4.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.73% of the stock is owned by corporate insiders.

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.