Mutual of America Capital Management LLC Sells 189 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Mutual of America Capital Management LLC reduced its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,527 shares of the company’s stock after selling 189 shares during the period. Mutual of America Capital Management LLC’s holdings in Mr. Cooper Group were worth $751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Mr. Cooper Group by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock valued at $387,467,000 after buying an additional 77,838 shares during the period. Assenagon Asset Management S.A. lifted its stake in Mr. Cooper Group by 12.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after purchasing an additional 182,014 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Mr. Cooper Group by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 731,025 shares of the company’s stock worth $39,154,000 after purchasing an additional 43,121 shares during the last quarter. Invesco Ltd. lifted its stake in Mr. Cooper Group by 42.4% during the third quarter. Invesco Ltd. now owns 593,380 shares of the company’s stock worth $31,781,000 after purchasing an additional 176,785 shares during the last quarter. Finally, Cambria Investment Management L.P. lifted its stake in Mr. Cooper Group by 6.6% during the third quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock worth $9,021,000 after purchasing an additional 10,486 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $67.56, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’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 sale, the chief executive officer now owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the acquisition, the president now 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 have sold 75,000 shares of company stock worth $5,431,500 in the last 90 days. Insiders own 2.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $78.06 on Tuesday. Mr. Cooper Group Inc. has a one year low of $41.74 and a one year high of $78.62. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 10.63 and a beta of 1.38. The business has a 50-day simple moving average of $74.58 and a 200 day simple moving average of $66.11.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Friday, February 9th. The company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. The business had revenue of $404.00 million during the quarter, compared to analyst estimates of $398.31 million. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. On average, sell-side analysts expect that Mr. Cooper Group Inc. will post 9.01 EPS for the current year.

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.