Mr. Cooper Group Inc $COOP Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC has reduced its stake in Mr. Cooper Group Inc by 15.8%, owning 27,346 shares after selling 5,124 shares in the first quarter.
• Mr. Cooper Group's CEO, Jesse K. Bray, sold 30,000 shares valued at approximately $5.47 million, reducing his ownership by 4.52%.
• Analysts have varying price targets for Mr. Cooper Group, with a current consensus rating of "Hold" and an average price target of $140.38.

Voya Investment Management LLC lessened its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP - Free Report) by 15.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,346 shares of the company's stock after selling 5,124 shares during the period. Voya Investment Management LLC's holdings in Mr. Cooper Group were worth $3,271,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Invesco Ltd. lifted its stake in Mr. Cooper Group by 11.8% during the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock worth $240,819,000 after purchasing an additional 213,167 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after acquiring an additional 129,414 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Mr. Cooper Group by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 371,551 shares of the company's stock worth $44,437,000 after buying an additional 7,799 shares in the last quarter. GAMMA Investing LLC grew its stake in Mr. Cooper Group by 14,148.0% in the 1st quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock valued at $37,234,000 after buying an additional 309,134 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Mr. Cooper Group by 42.4% in the 1st quarter. Public Sector Pension Investment Board now owns 227,117 shares of the company's stock valued at $27,163,000 after buying an additional 67,657 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on COOP. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a research note on Tuesday, August 5th. Piper Sandler increased their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Barclays increased their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group raised their price objective on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of "Hold" and a consensus price target of $140.38.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP traded up $1.19 during midday trading on Tuesday, hitting $215.32. The company's stock had a trading volume of 486,563 shares, compared to its average volume of 970,413. The firm has a market capitalization of $13.78 billion, a price-to-earnings ratio of 24.69 and a beta of 0.97. Mr. Cooper Group Inc has a 1 year low of $84.68 and a 1 year high of $234.73. The business's fifty day simple moving average is $187.09 and its two-hundred day simple moving average is $147.45.

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 firm had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.10 earnings per share. Analysts anticipate that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Mr. Cooper Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, September 29th.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the completion of the sale, the chief executive officer owned 633,187 shares of the company's stock, valued at $115,512,304.41. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 90,000 shares of company stock worth $15,278,700. 2.33% of the stock is currently owned by corporate 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.