Farther Finance Advisors LLC Sells 336 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Farther Finance Advisors LLC reduced its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 27.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 878 shares of the company’s stock after selling 336 shares during the quarter. Farther Finance Advisors LLC’s holdings in Mr. Cooper Group were worth $81,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new position in Mr. Cooper Group during the 3rd quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock valued at $27,000 after purchasing an additional 331 shares during the last quarter. Quarry LP purchased a new stake in shares of Mr. Cooper Group in the second quarter valued at approximately $29,000. Finally, CWM LLC raised its holdings in shares of Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Down 0.2 %

COOP opened at $101.20 on Wednesday. The firm has a market cap of $6.48 billion, a P/E ratio of 13.07 and a beta of 1.40. The business’s fifty day simple moving average is $92.52 and its 200 day simple moving average is $87.51. Mr. Cooper Group Inc. has a 52 week low of $55.61 and a 52 week high of $103.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The company had revenue of $616.00 million during the quarter, compared to analysts’ expectations of $548.09 million. During the same quarter in the previous year, the business earned $2.79 EPS. The firm’s revenue was up 32.8% on a year-over-year basis. As a group, equities analysts expect that Mr. Cooper Group Inc. will post 10.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point lifted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Keefe, Bruyette & Woods downgraded shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Monday, July 22nd. Piper Sandler increased their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Barclays raised their price objective on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $98.00.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the completion of the sale, the chief executive officer now directly owns 818,821 shares of the company’s stock, valued at approximately $72,391,964.61. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by corporate insiders.

About Mr. Cooper Group

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.