1,983 Shares in MR. COOPER GROUP INC (NASDAQ:COOP) Acquired by Private Advisor Group LLC

Key Points

• Private Advisor Group LLC purchased 1,983 shares of Mr. Cooper Group Inc, valued at approximately $237,000, during the 1st quarter.
• CEO Jesse K. Bray sold 30,000 shares for $4,564,200, decreasing his ownership by 4.15% while still holding about 693,187 shares.
• Analysts have set new price targets for Mr. Cooper Group, with Piper Sandler raising their target from $143.00 to $158.00 and maintaining a "neutral" rating.

Private Advisor Group LLC acquired a new stake in shares of MR. COOPER GROUP INC (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,983 shares of the company's stock, valued at approximately $237,000.

Other institutional investors also recently made changes to their positions in the company. Archer Investment Corp bought a new stake in MR. COOPER GROUP in the first quarter valued at about $170,000. Victory Capital Management Inc. raised its stake in MR. COOPER GROUP by 22.4% during the first quarter. Victory Capital Management Inc. now owns 52,117 shares of the company's stock worth $6,233,000 after acquiring an additional 9,552 shares during the period. Bridgewater Advisors Inc. raised its stake in MR. COOPER GROUP by 8.1% during the first quarter. Bridgewater Advisors Inc. now owns 33,621 shares of the company's stock worth $4,022,000 after acquiring an additional 2,505 shares during the period. CWM LLC raised its stake in MR. COOPER GROUP by 20.7% during the first quarter. CWM LLC now owns 781 shares of the company's stock worth $93,000 after acquiring an additional 134 shares during the period. Finally, Xponance Inc. increased its stake in shares of MR. COOPER GROUP by 4.7% in the first quarter. Xponance Inc. now owns 5,782 shares of the company's stock valued at $692,000 after purchasing an additional 260 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

MR. COOPER GROUP Stock Performance

Shares of NASDAQ COOP traded up $4.88 during trading on Monday, reaching $179.14. The company had a trading volume of 1,418,550 shares, compared to its average volume of 1,157,011. MR. COOPER GROUP INC has a 52 week low of $80.35 and a 52 week high of $180.57. The stock has a market cap of $11.46 billion, a PE ratio of 20.50 and a beta of 0.98. The business's 50 day moving average price is $146.76 and its 200-day moving average price is $124.38.

MR. COOPER GROUP (NASDAQ:COOP - Get Free Report) last announced its earnings results 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 return on equity of 15.66% and a net margin of 25.38%. The company had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same period in the prior year, the firm posted $3.10 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that MR. COOPER GROUP INC will post 13.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on COOP shares. Barclays raised their target price on shares of MR. COOPER GROUP from $147.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Piper Sandler raised their target price on shares of MR. COOPER GROUP from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Jefferies Financial Group raised their target price on shares of MR. COOPER GROUP from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. UBS Group reaffirmed a "neutral" rating and issued a $156.00 price objective on shares of MR. COOPER GROUP in a research note on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of MR. COOPER GROUP from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. 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 company presently has a consensus rating of "Hold" and an average target price of $137.88.

Insider Buying and Selling at MR. COOPER GROUP

In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 663,187 shares of the company's stock, valued at $115,872,032.64. The trade was a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.33% of the stock is currently owned by company insiders.

MR. COOPER GROUP 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.