Dimensional Fund Advisors LP Sells 130,588 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Dimensional Fund Advisors LP cut its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,128,164 shares of the company's stock after selling 130,588 shares during the period. Dimensional Fund Advisors LP owned 3.33% of Mr. Cooper Group worth $204,321,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its holdings in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the last quarter. Williamson Legacy Group LLC lifted its holdings in shares of Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after buying an additional 118 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Mr. Cooper Group by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after buying an additional 128 shares in the last quarter. Dakota Wealth Management boosted its position in shares of Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock valued at $2,659,000 after acquiring an additional 181 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 89.82% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on COOP shares. Keefe, Bruyette & Woods lifted their price objective on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th. Barclays boosted their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. JMP Securities restated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.14.

Mr. Cooper Group Price Performance

COOP traded up $0.18 during trading on Monday, hitting $116.90. 109,761 shares of the stock traded hands, compared to its average volume of 568,601. The business has a 50 day moving average price of $111.25 and a 200 day moving average price of $102.56. Mr. Cooper Group Inc. has a twelve month low of $76.85 and a twelve month high of $137.60. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. On average, equities research analysts predict that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.33% of the company's stock.

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.