Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,470 shares of the company's stock after selling 8,674 shares during the period. Voya Investment Management LLC owned 0.05% of Mr. Cooper Group worth $3,117,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Picton Mahoney Asset Management grew its position in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after purchasing an additional 95 shares during the period. Asset Planning Inc bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $48,000. ORG Partners LLC purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $51,000. Covestor Ltd grew its stake in Mr. Cooper Group by 418.9% in the 4th quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after acquiring an additional 599 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Mr. Cooper Group by 38.8% in the fourth quarter. Blue Trust Inc. now owns 794 shares of the company's stock valued at $76,000 after buying an additional 222 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COOP has been the topic of several recent research reports. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Barclays upped their target price 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. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. UBS Group raised their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, JMP Securities restated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.14.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.73% of the company's stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded up $2.44 during trading on Thursday, reaching $120.58. The company had a trading volume of 142,331 shares, compared to its average volume of 576,393. Mr. Cooper Group Inc. has a fifty-two week low of $78.20 and a fifty-two week high of $137.60. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.32 and a beta of 1.06. The stock's fifty day moving average price is $112.51 and its 200 day moving average price is $103.70.

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. The company had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. The firm's revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $2.73 earnings per share. On average, equities analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

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.