Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) CEO Jesse K. Bray sold 25,000 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the sale, the chief executive officer now directly owns 334,631 shares of the company's stock, valued at approximately $26,131,334.79. The sale was disclosed in a filing with the SEC, which is available at this link.
Mr. Cooper Group Price Performance
Shares of COOP opened at $77.95 on Friday. The firm has a fifty day moving average price of $71.70 and a 200 day moving average price of $63.41. Mr. Cooper Group Inc. has a 1-year low of $38.98 and a 1-year high of $78.53. The stock has a market cap of $5.04 billion, a PE ratio of 10.62 and a beta of 1.37.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 8.69 EPS for the current fiscal year.
Institutional Inflows and Outflows
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Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Mr. Cooper Group by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company's stock valued at $387,467,000 after acquiring an additional 77,838 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Mr. Cooper Group by 12.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company's stock valued at $103,787,000 after acquiring an additional 182,014 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Mr. Cooper Group by 383.5% during the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company's stock worth $7,878,000 after purchasing an additional 116,360 shares during the period. Cambria Investment Management L.P. grew its position in shares of Mr. Cooper Group by 6.6% in the third quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company's stock valued at $9,021,000 after purchasing an additional 10,486 shares during the period. Finally, Invesco Ltd. increased its stake in Mr. Cooper Group by 42.4% in the third quarter. Invesco Ltd. now owns 593,380 shares of the company's stock valued at $31,781,000 after purchasing an additional 176,785 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on COOP shares. UBS Group began coverage on shares of Mr. Cooper Group in a report on Wednesday, December 6th. They issued a "buy" rating and a $80.00 price objective for the company. Wedbush raised their price objective on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Monday, February 12th. Keefe, Bruyette & Woods boosted their price target on shares of Mr. Cooper Group from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Monday, February 12th. Barclays increased their price objective on shares of Mr. Cooper Group from $73.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a report on Wednesday, January 10th. They set a "buy" rating and a $88.00 target price for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Mr. Cooper Group presently has an average rating of "Buy" and an average target price of $77.50.
View Our Latest Report on Mr. Cooper Group
About Mr. Cooper Group
(
Get Free Report)
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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