Atria Wealth Solutions Inc. Purchases Shares of 1,475 Mr. Cooper Group Inc $COOP

Atria Wealth Solutions Inc. bought a new stake in shares of Mr. Cooper Group Inc (NASDAQ:COOP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,475 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COOP. Invesco Ltd. boosted its position in shares of Mr. Cooper Group by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company’s stock valued at $240,819,000 after purchasing an additional 213,167 shares in the last quarter. Nuveen LLC bought a new stake in shares of Mr. Cooper Group during the 1st quarter valued at about $24,037,000. Alpine Associates Management Inc. bought a new stake in shares of Mr. Cooper Group during the 1st quarter valued at about $10,716,000. Envestnet Asset Management Inc. boosted its position in shares of Mr. Cooper Group by 359.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 113,824 shares of the company’s stock valued at $13,613,000 after purchasing an additional 89,031 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of Mr. Cooper Group by 84.7% during the 1st quarter. Citigroup Inc. now owns 177,785 shares of the company’s stock valued at $21,263,000 after purchasing an additional 81,535 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Analyst Ratings Changes

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

Mr. Cooper Group Stock Performance

Shares of COOP opened at $210.79 on Thursday. The stock has a 50 day moving average of $206.02 and a 200 day moving average of $162.31. Mr. Cooper Group Inc has a 12 month low of $84.68 and a 12 month high of $234.73. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group (NASDAQ:COOP) last announced 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). 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 for the quarter, compared to the consensus estimate of $669.23 million. During the same period last year, the company posted $3.10 earnings per share. Mr. Cooper Group’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current year.

Mr. Cooper Group Dividend Announcement

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

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the sale, the chief executive officer owned 633,187 shares of the company’s stock, valued at approximately $115,512,304.41. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.73% 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.