Virtu Financial LLC Invests $2.52 Million in Mr. Cooper Group Inc (NASDAQ:COOP)

Key Points

• Virtu Financial LLC acquired a new stake in Mr. Cooper Group Inc, purchasing 21,079 shares valued at approximately $2.5 million during the first quarter of the year.
• Research firms are optimistic about Mr. Cooper Group's stock, with analysts raising price targets, including Jefferies Financial Group increasing its target from $110 to $150.
• CEO Jesse K. Bray sold 30,000 shares of the company's stock, reducing his ownership by 4.33%, while he still retains approximately $115.9 million in shares.

Virtu Financial LLC acquired a new stake in Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 21,079 shares of the company's stock, valued at approximately $2,521,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allworth Financial LP lifted its stake in shares of Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company's stock valued at $51,000 after purchasing an additional 87 shares during the period. Sage Rhino Capital LLC grew its holdings in Mr. Cooper Group by 4.7% during the first quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company's stock valued at $262,000 after purchasing an additional 98 shares during the period. Penbrook Management LLC grew its holdings in Mr. Cooper Group by 0.6% during the first quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock valued at $1,893,000 after purchasing an additional 100 shares during the period. CWM LLC grew its holdings in Mr. Cooper Group by 20.7% during the first quarter. CWM LLC now owns 781 shares of the company's stock valued at $93,000 after purchasing an additional 134 shares during the period. Finally, MorganRosel Wealth Management LLC boosted its holdings in shares of Mr. Cooper Group by 1.2% in the first quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company's stock worth $1,620,000 after acquiring an additional 154 shares during the period. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

COOP stock traded down $8.43 during trading on Thursday, hitting $194.44. 455,322 shares of the company traded hands, compared to its average volume of 999,043. The firm has a market capitalization of $12.44 billion, a PE ratio of 22.28 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. The company has a 50-day moving average of $155.78 and a 200-day moving average of $128.72.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results 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 business had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $3.10 earnings per share. Sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Piper Sandler increased their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Jefferies Financial Group increased their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. UBS Group set a $176.00 price objective on Mr. Cooper Group in a research report on Tuesday, August 5th. Finally, Barclays raised their price target 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. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $140.38.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm's 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 sale, the chief executive officer directly owned 663,187 shares of the company's stock, valued at $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is owned by insiders.

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.