Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,351,688 shares of the company's stock after selling 76,210 shares during the period. Dimensional Fund Advisors LP owned approximately 3.57% of Mr. Cooper Group worth $153,148,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of COOP. Vanguard Group Inc. grew its position in Mr. Cooper Group by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company's stock worth $387,467,000 after purchasing an additional 77,838 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mr. Cooper Group by 12.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company's stock valued at $103,787,000 after buying an additional 182,014 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mr. Cooper Group by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company's stock valued at $50,067,000 after acquiring an additional 37,823 shares during the period. Invesco Ltd. raised its stake in Mr. Cooper Group by 42.4% in the 3rd quarter. Invesco Ltd. now owns 593,380 shares of the company's stock worth $31,781,000 after acquiring an additional 176,785 shares during the last quarter. Finally, Cercano Management LLC purchased a new position in Mr. Cooper Group in the 4th quarter worth $23,527,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Stock Performance

NASDAQ COOP traded up $0.14 during mid-day trading on Friday, reaching $84.36. 296,484 shares of the stock were exchanged, compared to its average volume of 442,245. The company has a market capitalization of $5.46 billion, a P/E ratio of 8.83 and a beta of 1.41. The business's 50 day moving average is $77.84 and its 200-day moving average is $69.49. Mr. Cooper Group Inc. has a 1 year low of $44.27 and a 1 year high of $85.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The company had revenue of $564.00 million for the quarter, compared to the consensus estimate of $498.15 million. Equities analysts predict that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Michael R. Rawls sold 27,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the sale, the chief executive officer now owns 57,623 shares of the company's stock, valued at approximately $4,735,458.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael R. Rawls sold 27,000 shares of the company's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total value of $2,218,860.00. Following the completion of the sale, the chief executive officer now directly owns 57,623 shares in the company, valued at $4,735,458.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $78.79, for a total value of $1,969,750.00. Following the transaction, the chief executive officer now owns 309,631 shares in the company, valued at approximately $24,395,826.49. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $7,931,110 over the last 90 days. Corporate insiders own 2.33% of the company's stock.

Wall Street Analyst Weigh In

COOP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, April 25th. Barclays increased their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the stock an "overweight" rating in a report on Thursday, April 25th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (up from $86.00) on shares of Mr. Cooper Group in a research note on Thursday, April 25th. Jefferies Financial Group increased their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a "hold" rating in a research note on Friday, April 19th. Finally, Wedbush boosted their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, April 25th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.13.

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.