Mr. Cooper Group Inc (NASDAQ:COOP) Shares Purchased by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. increased its stake in MR. COOPER GROUP INC by 22.4% during Q1, owning 52,117 shares valued at approximately $6.23 million.
• CEO Jesse K. Bray sold 30,000 shares, reducing his ownership by 4.15%, while still holding a significant stake valued at over $105 million.
• MR. COOPER GROUP reported $3.13 earnings per share for the last quarter, missing the estimated consensus of $3.28, with total revenues of $608 million.

Victory Capital Management Inc. increased its holdings in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 22.4% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,117 shares of the company's stock after purchasing an additional 9,552 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Mr. Cooper Group worth $6,233,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its holdings in Mr. Cooper Group by 2.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after purchasing an additional 128 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Mr. Cooper Group in the 4th quarter worth $1,603,000. LPL Financial LLC increased its stake in shares of Mr. Cooper Group by 3.3% in 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. bought a new position in shares of Mr. Cooper Group in the 4th quarter worth about $467,000. Finally, JPMorgan Chase & Co. grew its position in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock valued at $61,846,000 after purchasing an additional 86,510 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the sale, the chief executive officer owned 693,187 shares in the company, valued at approximately $105,461,470.18. This represents a 4.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.33% of the company's stock.

Analyst Upgrades and Downgrades

COOP has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research 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 research note on Tuesday, July 22nd. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. UBS Group reiterated a "neutral" rating and set a $156.00 price objective on shares of Mr. Cooper Group in a research report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $137.88.

Mr. Cooper Group Stock Up 2.3%

Shares of COOP traded up $3.71 during mid-day trading on Tuesday, hitting $162.03. 233,665 shares of the company traded hands, compared to its average volume of 993,316. Mr. Cooper Group Inc has a 1-year low of $80.35 and a 1-year high of $178.89. The company has a market capitalization of $10.37 billion, a PE ratio of 18.54 and a beta of 1.05. The business has a 50 day moving average of $144.15 and a 200 day moving average of $122.61.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter last year, the company posted $3.10 EPS. Mr. Cooper Group's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

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.