Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Monday, April 29th. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mr. Cooper Group Stock Performance
COOP opened at $77.20 on Wednesday. The company has a market cap of $5.00 billion, a PE ratio of 8.08 and a beta of 1.38. The stock has a 50-day moving average of $75.21 and a 200-day moving average of $66.98. Mr. Cooper Group Inc. has a 52-week low of $41.74 and a 52-week high of $81.98.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. On average, research analysts predict that Mr. Cooper Group Inc. will post 9.48 earnings per share for the current year.
Institutional Trading of Mr. Cooper Group
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Large investors have recently made changes to their positions in the stock. Triasima Portfolio Management inc. bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $1,354,000. Cercano Management LLC bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $23,527,000. Vanguard Group Inc. lifted its position in shares of 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. lifted its position in shares of Mr. Cooper Group by 12.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company's stock worth $103,787,000 after purchasing an additional 182,014 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position 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 last quarter. Institutional investors own 89.82% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on COOP. Deutsche Bank Aktiengesellschaft lifted their price target 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 boosted their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Jefferies Financial Group boosted their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a "hold" rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 target price (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday, April 25th. Finally, Wedbush boosted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.22.
Read Our Latest Analysis on COOP
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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