Mr. Cooper Group Inc $COOP Shares Acquired by USA Financial Formulas

USA Financial Formulas increased its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 91.1% during the second quarter, Holdings Channel reports. The institutional investor owned 883 shares of the company’s stock after buying an additional 421 shares during the quarter. USA Financial Formulas’ holdings in Mr. Cooper Group were worth $132,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after purchasing an additional 87 shares during the last quarter. Sage Rhino Capital LLC grew its stake in shares of Mr. Cooper Group by 4.7% during the first quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company’s stock worth $262,000 after purchasing an additional 98 shares in the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of Mr. Cooper Group by 0.3% during the second quarter. Oliver Luxxe Assets LLC now owns 42,080 shares of the company’s stock worth $6,279,000 after purchasing an additional 115 shares in the last quarter. CWM LLC increased its holdings in Mr. Cooper Group by 20.7% in the first quarter. CWM LLC now owns 781 shares of the company’s stock valued at $93,000 after buying an additional 134 shares during the last quarter. Finally, MorganRosel Wealth Management LLC raised its stake in Mr. Cooper Group by 1.2% in the first quarter. MorganRosel Wealth Management LLC now owns 13,544 shares of the company’s stock valued at $1,620,000 after buying 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

COOP opened at $210.79 on Friday. Mr. Cooper Group Inc has a 52 week low of $84.68 and a 52 week high of $234.73. The business’s 50 day moving average is $196.15 and its two-hundred day moving average is $152.97. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data 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). The firm had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. Mr. Cooper Group’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.10 earnings per share. Equities analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Mr. Cooper Group Announces Dividend

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

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, September 2nd. The shares were 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 approximately $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COOP. Jefferies Financial Group upped their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Barclays upped their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Finally, Piper Sandler upped their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group has a consensus rating of “Hold” and an average target price of $140.38.

Mr. Cooper Group 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.