Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,035 shares of the company’s stock after selling 2,816 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Mr. Cooper Group worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Mr. Cooper Group by 94.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,411,766 shares of the company’s stock valued at $75,614,000 after acquiring an additional 687,321 shares in the last quarter. Invesco Ltd. raised its stake in shares of Mr. Cooper Group by 42.4% in the 3rd quarter. Invesco Ltd. now owns 593,380 shares of the company’s stock worth $31,781,000 after buying an additional 176,785 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at $7,571,000. Hsbc Holdings PLC boosted its stake in Mr. Cooper Group by 383.5% during the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock valued at $7,878,000 after buying an additional 116,360 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Mr. Cooper Group by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock valued at $387,467,000 after acquiring an additional 77,838 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COOP has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Wedbush upped their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Barclays lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mr. Cooper Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a $88.00 price objective for the company. Finally, Jefferies Financial Group boosted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.67.

Mr. Cooper Group Stock Up 2.8 %

Shares of NASDAQ:COOP opened at $81.72 on Thursday. The firm has a fifty day moving average of $74.75 and a two-hundred day moving average of $66.29. Mr. Cooper Group Inc. has a 12-month low of $41.74 and a 12-month high of $81.98. The firm has a market capitalization of $5.33 billion, a P/E ratio of 11.13 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The firm had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $398.31 million. Equities research analysts expect that Mr. Cooper Group Inc. will post 9.01 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the transaction, the chief executive officer now owns 391,051 shares of the company’s stock, valued at $26,419,405.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the transaction, the chief executive officer now owns 391,051 shares in the company, valued at approximately $26,419,405.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael S. Weinbach acquired 17,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now directly owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. Insiders sold a total of 75,000 shares of company stock worth $5,431,500 in the last three months. 2.33% of the stock is owned by insiders.

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.