52,601 Shares in Mr. Cooper Group Inc (NASDAQ:COOP) Bought by Royce & Associates LP

Key Points

• Royce & Associates LP has made a new investment, acquiring 52,601 shares of Mr. Cooper Group Inc, valued at approximately $6.29 million, during the first quarter.
• CEO Jesse K. Bray sold 30,000 shares at an average price of $152.14, reducing his ownership by 4.15% to a total of 693,187 shares.
• Analysts have adjusted their price targets for Mr. Cooper Group, with some reports indicating a new target of $158, while the consensus rating remains at "Hold."

Royce & Associates LP bought a new position in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 52,601 shares of the company's stock, valued at approximately $6,291,000. Royce & Associates LP owned about 0.08% of Mr. Cooper Group as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after acquiring an additional 128 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $1,603,000. LPL Financial LLC raised its holdings in shares of Mr. Cooper Group by 3.3% during the 4th quarter. LPL Financial LLC now owns 14,957 shares of the company's stock worth $1,436,000 after acquiring an additional 472 shares in the last quarter. Financial Counselors Inc. purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $467,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after acquiring an additional 86,510 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the transaction, the chief executive officer owned 693,187 shares of the company's stock, valued at approximately $105,461,470.18. This represents a 4.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.33% of the company's stock.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded down $0.65 during mid-day trading on Wednesday, hitting $159.06. The company's stock had a trading volume of 72,406 shares, compared to its average volume of 990,171. The company has a 50 day moving average of $144.71 and a 200-day moving average of $122.86. The stock has a market cap of $10.18 billion, a PE ratio of 18.20 and a beta of 1.05. Mr. Cooper Group Inc has a one year low of $80.35 and a one year high of $178.89.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced 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). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The business had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same period last year, the company earned $3.10 EPS. The business's revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on COOP shares. UBS Group reaffirmed a "neutral" rating and set a $156.00 price objective on shares of Mr. Cooper Group in a report on Tuesday, July 15th. Jefferies Financial Group upped their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Tuesday, July 22nd. Barclays boosted their target price 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. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Piper Sandler boosted their target price 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. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Mr. Cooper Group has an average rating of "Hold" and an average price target of $137.88.

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.