Swiss National Bank Sells 2,800 Shares of Mr. Cooper Group Inc $COOP

Key Points

• The Swiss National Bank reduced its stake in Mr. Cooper Group by 2.2%, now owning approximately 0.19% of the company worth around $14.83 million.
• CEO Jesse K. Bray sold 30,000 shares of the firm's stock, representing a 4.33% decrease in his position.
• Recent analyst reports have set price targets for Mr. Cooper Group, with UBS Group targeting $176.00, while the consensus rating remains at "Hold".

Swiss National Bank lowered its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 124,000 shares of the company's stock after selling 2,800 shares during the period. Swiss National Bank owned 0.19% of Mr. Cooper Group worth $14,830,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in Mr. Cooper Group in the first quarter worth about $26,000. Allworth Financial LP lifted its holdings in Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares during the period. USA Financial Formulas acquired a new stake in Mr. Cooper Group in the first quarter worth about $55,000. Kapitalo Investimentos Ltda acquired a new stake in Mr. Cooper Group in the fourth quarter worth about $70,000. Finally, CWM LLC lifted its holdings in Mr. Cooper Group by 20.7% in the first quarter. CWM LLC now owns 781 shares of the company's stock worth $93,000 after purchasing an additional 134 shares during the period. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded down $5.00 during midday trading on Monday, hitting $186.28. The company had a trading volume of 199,726 shares, compared to its average volume of 994,497. The business's 50 day simple moving average is $158.21 and its two-hundred day simple moving average is $130.24. The stock has a market cap of $11.92 billion, a PE ratio of 21.31 and a beta of 0.98. Mr. Cooper Group Inc has a 1-year low of $84.15 and a 1-year high of $203.42.

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

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the transaction, 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 through the SEC website. 2.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COOP has been the subject of several research analyst reports. Barclays upped their price objective 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. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Piper Sandler upped their price objective 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. Finally, Jefferies Financial Group upped their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a report on Tuesday, July 22nd. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $140.38.

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.