New York State Teachers Retirement System Sells 6,100 Shares of Mr. Cooper Group Inc $COOP

New York State Teachers Retirement System decreased its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,091 shares of the company’s stock after selling 6,100 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of Mr. Cooper Group worth $11,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in Mr. Cooper Group during the first quarter valued at $26,000. Allworth Financial LP increased its position in Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after acquiring an additional 87 shares during the last quarter. SVB Wealth LLC bought a new position in Mr. Cooper Group during the first quarter valued at $62,000. CWM LLC increased its position in Mr. Cooper Group by 20.7% during the first quarter. CWM LLC now owns 781 shares of the company’s stock valued at $93,000 after acquiring an additional 134 shares during the last quarter. Finally, USA Financial Formulas increased its position in Mr. Cooper Group by 91.1% during the second quarter. USA Financial Formulas now owns 883 shares of the company’s stock valued at $132,000 after acquiring an additional 421 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total transaction 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 represents a 4.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is currently owned by insiders.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $210.79 on Friday. Mr. Cooper Group Inc has a 1 year low of $84.68 and a 1 year high of $234.73. The firm’s 50-day moving average is $204.87 and its two-hundred day moving average is $160.90. The stock 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 issued its earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The business had revenue of $608.00 million for the quarter, compared to the consensus estimate of $669.23 million. During the same quarter in the previous year, the company earned $3.10 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts expect that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Mr. Cooper Group Announces Dividend

The firm also recently announced a special dividend, which was paid on Tuesday, October 7th. Shareholders of record on Monday, September 29th were issued a dividend of $0.01 per share. The ex-dividend date was Monday, September 29th. Mr. Cooper Group’s dividend payout ratio is presently 22.88%.

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.