Mr. Cooper Group Inc $COOP Stock Position Lowered by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD owns approximately $102.59 million in Mr. Cooper Group, having reduced its stake by 1.6% during the first quarter.
• Mr. Cooper Group stock has seen a 3.0% decline recently, with a market cap of $12.35 billion and a price-to-earnings ratio of 22.08.
• The company reported $3.13 EPS in its latest quarterly earnings, missing analysts' expectations, while also showing an 8.6% year-over-year increase in revenue.

Price T Rowe Associates Inc. MD lowered its holdings in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 857,740 shares of the company's stock after selling 14,162 shares during the period. Price T Rowe Associates Inc. MD owned about 1.34% of Mr. Cooper Group worth $102,587,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. DLD Asset Management LP bought a new position in Mr. Cooper Group in the first quarter worth about $1,495,000. Capital Fund Management S.A. bought a new stake in shares of Mr. Cooper Group in the 1st quarter worth approximately $2,953,000. Credit Agricole S A lifted its holdings in shares of Mr. Cooper Group by 68.7% in the 1st quarter. Credit Agricole S A now owns 23,942 shares of the company's stock worth $2,863,000 after purchasing an additional 9,750 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Mr. Cooper Group in the 1st quarter worth approximately $625,000. Finally, Freestone Capital Holdings LLC lifted its stake in Mr. Cooper Group by 14.1% in the first quarter. Freestone Capital Holdings LLC now owns 2,731 shares of the company's stock valued at $327,000 after buying an additional 337 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $174.72, for a total transaction of $5,241,600.00. Following the sale, the chief executive officer directly owned 663,187 shares in the company, valued at approximately $115,872,032.64. The trade was a 4.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP traded up $0.24 during midday trading on Friday, reaching $188.53. 814,668 shares of the company traded hands, compared to its average volume of 858,376. Mr. Cooper Group Inc has a 52 week low of $84.15 and a 52 week high of $203.42. The stock has a 50-day moving average price of $167.73 and a 200 day moving average price of $136.13. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 21.57 and a beta of 0.97.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing analysts' consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The company had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the prior year, the firm earned $3.10 earnings per share. Mr. Cooper Group's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

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.