Wealth Architects LLC Purchases Shares of 1,606 Mr. Cooper Group Inc $COOP

Wealth Architects LLC acquired a new position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,606 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds have also recently modified their holdings of COOP. Natixis Advisors LLC boosted its position in shares of Mr. Cooper Group by 9.6% during the first quarter. Natixis Advisors LLC now owns 23,956 shares of the company’s stock valued at $2,865,000 after buying an additional 2,093 shares during the last quarter. Independent Advisor Alliance bought a new position in Mr. Cooper Group during the 1st quarter valued at $229,000. Arcus Capital Partners LLC purchased a new position in Mr. Cooper Group during the 1st quarter worth $221,000. State of Alaska Department of Revenue boosted its holdings in Mr. Cooper Group by 8.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 38,097 shares of the company’s stock worth $5,683,000 after acquiring an additional 2,853 shares during the last quarter. Finally, Informed Momentum Co LLC bought a new stake in shares of Mr. Cooper Group in the 1st quarter worth $4,658,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on COOP shares. Jefferies Financial Group raised their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Mr. Cooper Group in a research note on Saturday, September 27th. Barclays boosted their target price on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Piper Sandler upped their target price on Mr. Cooper Group from $143.00 to $158.00 and gave the company a “neutral” rating in a report on Tuesday, July 1st. Finally, UBS Group set a $176.00 price target on Mr. Cooper Group in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Mr. Cooper Group has an average rating of “Moderate Buy” and a consensus price target of $140.38.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the completion of the transaction, the chief executive officer owned 633,187 shares in the company, valued at approximately $115,512,304.41. This represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.73% of the company’s stock.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $210.79 on Monday. The firm has a 50 day moving average price of $202.24 and a 200-day moving average price of $158.03. Mr. Cooper Group Inc has a twelve month low of $84.68 and a twelve month high of $234.73. The company has a market capitalization of $13.49 billion, a P/E ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The company had revenue of $608.00 million during the quarter, compared to the consensus estimate of $669.23 million. During the same period last year, the firm posted $3.10 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts expect that Mr. Cooper Group Inc will post 13.17 EPS for the current fiscal year.

Mr. Cooper Group Dividend Announcement

The company also recently declared a special dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, September 29th. Mr. Cooper Group’s dividend payout ratio is currently 22.88%.

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.