Jesse K. Bray Sells 25,000 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) Stock

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the completion of the transaction, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mr. Cooper Group Stock Up 0.3 %

Shares of COOP opened at $80.48 on Wednesday. Mr. Cooper Group Inc. has a 52-week low of $48.01 and a 52-week high of $85.17. The stock has a 50 day moving average price of $81.73 and a 200 day moving average price of $74.49. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of 8.43 and a beta of 1.39.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The firm had revenue of $564.00 million for the quarter, compared to the consensus estimate of $498.15 million. On average, equities analysts anticipate that Mr. Cooper Group Inc. will post 9.48 EPS for the current fiscal year.

Institutional Trading of Mr. Cooper Group

A number of hedge funds and other institutional investors have recently made changes to their positions in COOP. USA Financial Formulas purchased a new position in Mr. Cooper Group during the 4th quarter worth approximately $25,000. GAMMA Investing LLC acquired a new position in shares of Mr. Cooper Group in the 4th quarter valued at $61,000. Quest Partners LLC purchased a new stake in Mr. Cooper Group in the 4th quarter valued at $61,000. Fidelis Capital Partners LLC purchased a new stake in Mr. Cooper Group in the 1st quarter valued at $85,000. Finally, Centaurus Financial Inc. acquired a new stake in Mr. Cooper Group during the 4th quarter worth $101,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Ratings Changes

COOP has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price target (up previously from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Wedbush upped their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group upped their target price 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, Barclays lifted their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and a consensus target price of $85.13.

Mr. Cooper Group Company 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.