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

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $78.79, for a total value of $1,969,750.00. Following the completion of the sale, the chief executive officer now directly owns 309,631 shares in the company, valued at $24,395,826.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $77.20 on Wednesday. The stock’s 50-day moving average is $75.21 and its 200-day moving average is $66.98. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 8.08 and a beta of 1.38. Mr. Cooper Group Inc. has a 12 month low of $41.74 and a 12 month high of $81.98.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million for 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%. Research analysts anticipate that Mr. Cooper Group Inc. will post 9.48 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on COOP shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research note on Thursday, April 25th. Wedbush raised their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Deutsche Bank Aktiengesellschaft raised their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group raised their price target on 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 raised their price target on 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 research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.22.

Hedge Funds Weigh In On Mr. Cooper Group

A number of large investors have recently modified their holdings of the company. USA Financial Formulas purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $25,000. GAMMA Investing LLC purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $61,000. Quest Partners LLC purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $61,000. Centaurus Financial Inc. purchased a new stake in shares of Mr. Cooper Group during the 4th quarter valued at about $101,000. Finally, Headlands Technologies LLC raised its holdings in shares of Mr. Cooper Group by 637.1% during the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock valued at $108,000 after buying an additional 1,427 shares during the period. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Company Profile

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.