Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,299 shares of the company’s stock after selling 525 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mr. Cooper Group were worth $3,389,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in Mr. Cooper Group by 71.8% in the 3rd quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the third quarter valued at approximately $203,000. Private Advisor Group LLC purchased a new position in Mr. Cooper Group during the third quarter worth approximately $344,000. First Trust Direct Indexing L.P. boosted its stake in Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock worth $278,000 after buying an additional 213 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in Mr. Cooper Group in the 3rd quarter valued at $52,000. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Mr. Cooper Group Price Performance

Shares of COOP opened at $110.79 on Thursday. The firm has a 50-day simple moving average of $101.59 and a two-hundred day simple moving average of $96.36. The stock has a market cap of $7.05 billion, a PE ratio of 10.88, a P/E/G ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 1-year low of $70.01 and a 1-year high of $112.50.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on COOP shares. UBS Group lifted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Piper Sandler boosted their target price on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.22.

Insider Activity

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group 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.