Thrivent Financial for Lutherans Sells 3,103 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Thrivent Financial for Lutherans lowered its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 2.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,954 shares of the company’s stock after selling 3,103 shares during the period. Thrivent Financial for Lutherans’ holdings in Mr. Cooper Group were worth $12,717,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COOP. Blue Trust Inc. raised its position in Mr. Cooper Group by 77.1% in the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock worth $27,000 after purchasing an additional 331 shares in the last quarter. Quarry LP purchased a new stake in shares of Mr. Cooper Group in the 2nd quarter worth $29,000. Financial Management Professionals Inc. bought a new position in Mr. Cooper Group in the 3rd quarter worth $30,000. Finally, CWM LLC lifted its position in Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of COOP opened at $98.33 on Friday. Mr. Cooper Group Inc. has a 1 year low of $59.03 and a 1 year high of $103.05. The company has a 50 day simple moving average of $93.63 and a two-hundred day simple moving average of $88.30. The firm has a market cap of $6.29 billion, a P/E ratio of 12.70 and a beta of 1.40.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. Mr. Cooper Group’s quarterly revenue was up 32.8% on a year-over-year basis. During the same period last year, the company posted $2.79 earnings per share. On average, sell-side analysts anticipate that Mr. Cooper Group Inc. will post 10.16 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on COOP shares. Compass Point raised their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Wedbush restated an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Barclays upped their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler increased their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average price target of $98.00.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the transaction, the chief executive officer now owns 818,821 shares in the company, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.33% of the company’s stock.

About Mr. Cooper Group

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.