Mr. Cooper Group Inc (NASDAQ:COOP) Plans Special Dividend of $0.01

Key Points

• Mr. Cooper Group Inc has announced a special dividend of $0.01 per share, payable on October 7th to investors of record as of September 29th.
• In its latest quarterly earnings report, the company reported $3.13 earnings per share, which missed analysts' expectations by $0.15.
• Institutional ownership of the company is significant, with 89.82% of the stock currently held by institutional investors.

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) announced a special dividend on Friday, September 19th, RTT News reports. Investors of record on Monday, September 29th will be given a dividend of 0.01 per share on Tuesday, October 7th. The ex-dividend date is Monday, September 29th.

Mr. Cooper Group Stock Performance

COOP opened at $212.26 on Friday. The stock has a market capitalization of $13.58 billion, a PE ratio of 24.29 and a beta of 0.98. The stock's 50 day moving average price is $192.25 and its 200-day moving average price is $149.88. Mr. Cooper Group has a 52-week low of $84.68 and a 52-week high of $234.73.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $608.00 million for the quarter, compared to analysts' expectations of $669.23 million. During the same period in the previous year, the firm posted $3.10 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total value of $5,472,900.00. Following the sale, the chief executive officer directly owned 633,187 shares of the company's stock, valued at approximately $115,512,304.41. This represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold 90,000 shares of company stock valued at $15,278,700 over the last 90 days. Insiders own 1.73% of the company's stock.

Institutional Trading of Mr. Cooper Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of Mr. Cooper Group by 11.8% in the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock worth $240,819,000 after buying an additional 213,167 shares in the last quarter. Norges Bank purchased a new position in Mr. Cooper Group in the 2nd quarter worth approximately $258,538,000. 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. Third Point LLC bought a new stake in shares of Mr. Cooper Group in the 2nd quarter worth $138,019,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Mr. Cooper Group by 154.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 803,131 shares of the company's stock worth $119,835,000 after purchasing an additional 487,503 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

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.

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