Park Avenue Securities LLC Has $3.51 Million Stock Holdings in Mr. Cooper Group Inc $COOP

Park Avenue Securities LLC raised its holdings in Mr. Cooper Group Inc (NASDAQ:COOP) by 67.3% during the second quarter, HoldingsChannel reports. The firm owned 23,553 shares of the company’s stock after acquiring an additional 9,474 shares during the quarter. Park Avenue Securities LLC’s holdings in Mr. Cooper Group were worth $3,514,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Natixis Advisors LLC boosted its holdings in shares of Mr. Cooper Group by 9.6% in the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company’s stock valued at $2,865,000 after purchasing an additional 2,093 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at $229,000. Assenagon Asset Management S.A. boosted its holdings in shares of Mr. Cooper Group by 13.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company’s stock valued at $126,438,000 after purchasing an additional 129,414 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at $394,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Mr. Cooper Group in the 1st quarter valued at $221,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $214.13 on Tuesday. Mr. Cooper Group Inc has a one year low of $84.68 and a one year high of $234.73. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 24.50 and a beta of 0.97. The business has a 50-day simple moving average of $187.09 and a 200 day simple moving average of $147.45.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same period in the previous year, the firm earned $3.10 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current year.

Mr. Cooper Group Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, October 7th. Investors of record on Monday, September 29th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, September 29th.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of recent research reports. UBS Group set a $176.00 target price on Mr. Cooper Group in a report on Tuesday, August 5th. Jefferies Financial Group lifted their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Piper Sandler lifted their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Finally, Barclays lifted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mr. Cooper Group has an average rating of “Hold” and an average target price of $140.38.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 633,187 shares of the company’s stock, valued at $115,512,304.41. The trade was a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 90,000 shares of company stock valued at $15,278,700. Insiders own 2.33% of the company’s stock.

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.