New York State Teachers Retirement System Decreases Stock Holdings in Mr. Cooper Group Inc $COOP

New York State Teachers Retirement System trimmed its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 7.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 80,091 shares of the company’s stock after selling 6,100 shares during the period. New York State Teachers Retirement System’s holdings in Mr. Cooper Group were worth $11,950,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. purchased a new stake in shares of Mr. Cooper Group during the first quarter valued at about $26,000. Allworth Financial LP lifted its position in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after buying an additional 87 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Mr. Cooper Group during the first quarter valued at about $62,000. CWM LLC raised its position in shares of Mr. Cooper Group by 20.7% in the 1st quarter. CWM LLC now owns 781 shares of the company’s stock valued at $93,000 after purchasing an additional 134 shares during the last quarter. Finally, USA Financial Formulas boosted its stake in Mr. Cooper Group by 91.1% in the 2nd quarter. USA Financial Formulas now owns 883 shares of the company’s stock worth $132,000 after purchasing an additional 421 shares in the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total transaction of $5,472,900.00. Following the sale, the chief executive officer owned 633,187 shares of the company’s stock, valued at $115,512,304.41. This trade represents a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is owned by insiders.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP opened at $210.79 on Friday. Mr. Cooper Group Inc has a twelve month low of $84.68 and a twelve month high of $234.73. The company’s 50 day moving average is $204.87 and its 200 day moving average is $160.90. The company has a market cap of $13.49 billion, a PE ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same quarter last year, the company posted $3.10 EPS. Mr. Cooper Group’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts predict that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Mr. Cooper Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th were paid 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 (DPR) is presently 22.88%.

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.