Wealth Architects LLC Takes $240,000 Position in Mr. Cooper Group Inc $COOP

Wealth Architects LLC acquired a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,606 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Mr. Cooper Group by 11.9% during the second quarter. Sequoia Financial Advisors LLC now owns 2,279 shares of the company’s stock valued at $340,000 after purchasing an additional 242 shares in the last quarter. Yousif Capital Management LLC raised its holdings in Mr. Cooper Group by 1.6% in the 2nd quarter. Yousif Capital Management LLC now owns 24,100 shares of the company’s stock valued at $3,596,000 after buying an additional 376 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in Mr. Cooper Group by 20.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,648 shares of the company’s stock worth $1,440,000 after buying an additional 1,612 shares during the period. Maryland State Retirement & Pension System boosted its position in Mr. Cooper Group by 16.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 21,796 shares of the company’s stock worth $3,252,000 after buying an additional 3,158 shares during the period. Finally, Abel Hall LLC bought a new stake in Mr. Cooper Group during the 2nd quarter worth approximately $283,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $210.79 on Monday. The firm has a market cap of $13.49 billion, a PE ratio of 24.12 and a beta of 1.08. Mr. Cooper Group Inc has a 12-month low of $84.68 and a 12-month high of $234.73. The company’s fifty day simple moving average is $202.24 and its 200 day simple moving average is $158.03.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The company had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same period last year, the firm posted $3.10 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Mr. Cooper Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 29th were paid a $0.01 dividend. The ex-dividend date of this dividend was Monday, September 29th. Mr. Cooper Group’s dividend payout ratio (DPR) is 22.88%.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total value of $5,472,900.00. Following the transaction, the chief executive officer directly owned 633,187 shares in the company, valued at $115,512,304.41. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. UBS Group set a $176.00 price target on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Piper Sandler increased their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Jefferies Financial Group boosted their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mr. Cooper Group in a research note on Saturday, September 27th. Finally, Barclays lifted their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $140.38.

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.