Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Michael R. Rawls Sells 27,000 Shares of Stock

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Michael R. Rawls sold 27,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the completion of the sale, the chief executive officer now directly owns 57,623 shares in the company, valued at $4,735,458.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Mr. Cooper Group Stock Up 2.2 %

Shares of COOP stock opened at $83.93 on Friday. The stock has a market cap of $5.43 billion, a P/E ratio of 8.79 and a beta of 1.41. Mr. Cooper Group Inc. has a fifty-two week low of $42.40 and a fifty-two week high of $84.00. The business has a fifty day simple moving average of $76.50 and a 200-day simple moving average of $68.24.

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

Wall Street Analysts Forecast Growth

COOP has been the subject of several research analyst reports. Barclays upped their target price on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday, April 25th. Jefferies Financial Group boosted their price objective 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. Finally, Wedbush increased their price objective on Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.22.

Hedge Funds Weigh In On Mr. Cooper Group

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Mr. Cooper Group in the 3rd quarter valued at $198,000. Xponance Inc. increased its stake in shares of Mr. Cooper Group by 47.1% during the 3rd quarter. Xponance Inc. now owns 5,837 shares of the company’s stock valued at $313,000 after acquiring an additional 1,868 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Mr. Cooper Group by 22.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock worth $1,249,000 after purchasing an additional 4,211 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mr. Cooper Group by 14.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,380 shares of the company’s stock valued at $556,000 after purchasing an additional 1,288 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Mr. Cooper Group by 24.3% during the 3rd quarter. Strs Ohio now owns 4,600 shares of the company’s stock worth $246,000 after buying an additional 900 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

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.