Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 85.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,500 shares of the company’s stock after selling 45,500 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Mr. Cooper Group were worth $585,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Mr. Cooper Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company’s stock worth $597,791,000 after buying an additional 42,860 shares during the period. Wellington Management Group LLP increased its position in Mr. Cooper Group by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company’s stock worth $111,674,000 after buying an additional 25,351 shares during the period. Charles Schwab Investment Management Inc. increased its position in Mr. Cooper Group by 5.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company’s stock worth $50,067,000 after buying an additional 37,823 shares during the period. Norges Bank acquired a new position in Mr. Cooper Group during the fourth quarter worth approximately $47,104,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Mr. Cooper Group by 198.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock valued at $43,209,000 after purchasing an additional 441,282 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the sale, the chief executive officer now directly owns 259,631 shares in the company, valued at $21,011,936.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mr. Cooper Group news, CEO Michael R. Rawls sold 27,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the sale, the chief executive officer now directly owns 57,623 shares in the company, valued at $4,735,458.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $80.93, for a total value of $2,023,250.00. Following the sale, the chief executive officer now owns 259,631 shares in the company, valued at $21,011,936.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,000 shares of company stock worth $8,247,360. 2.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COOP shares. Deutsche Bank Aktiengesellschaft lifted their target price on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Barclays lifted their target price on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Jefferies Financial Group lifted their target price on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Wedbush lifted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research note on Monday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.50.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $92.54 on Friday. Mr. Cooper Group Inc. has a 1-year low of $52.46 and a 1-year high of $95.74. The company has a market cap of $5.99 billion, a PE ratio of 9.69 and a beta of 1.39. The stock’s 50 day moving average price is $83.16 and its 200 day moving average price is $76.74.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The firm had revenue of $564.00 million for the quarter, compared to the consensus estimate of $498.15 million. On average, equities research analysts anticipate that Mr. Cooper Group Inc. will post 9.37 EPS for the current fiscal year.

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.