Insider Selling: Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Sells 25,000 Shares of Stock

Mr. Cooper Group Inc. (NASDAQ:COOP) CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at $21,011,936.83. The sale was disclosed in a filing with the SEC, which is available through this link.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP traded down $0.97 on Monday, reaching $80.26. 314,595 shares of the company traded hands, compared to its average volume of 449,598. Mr. Cooper Group Inc. has a fifty-two week low of $48.01 and a fifty-two week high of $85.17. The company’s 50 day moving average is $81.67 and its 200-day moving average is $74.29. The stock has a market capitalization of $5.19 billion, a PE ratio of 8.51 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS 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 company had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. As a group, analysts expect that Mr. Cooper Group Inc. will post 9.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on COOP shares. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price objective (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. Jefferies Financial Group increased their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft increased their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Wedbush increased their price target 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, Barclays increased their price target 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $85.13.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $25,000. GAMMA Investing LLC purchased a new stake in shares of Mr. Cooper Group in the fourth quarter valued at $61,000. Quest Partners LLC purchased a new stake in shares of Mr. Cooper Group in the fourth quarter valued at $61,000. Fidelis Capital Partners LLC purchased a new stake in shares of Mr. Cooper Group in the first quarter valued at $85,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Mr. Cooper Group by 2,483.1% in the first quarter. Bessemer Group Inc. now owns 1,524 shares of the company’s stock valued at $119,000 after purchasing an additional 1,465 shares in the last quarter. Institutional investors and hedge funds own 89.82% 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.