Hantz Financial Services Inc. Cuts Stake in Mr. Cooper Group Inc $COOP

Hantz Financial Services Inc. cut its holdings in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 28.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,624 shares of the company’s stock after selling 54,547 shares during the quarter. Hantz Financial Services Inc.’s holdings in Mr. Cooper Group were worth $20,236,000 at the end of the most recent quarter.

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

Mr. Cooper Group Price Performance

COOP stock opened at $210.79 on Thursday. Mr. Cooper Group Inc has a 1 year low of $84.68 and a 1 year high of $234.73. The firm has a 50-day moving average of $208.16 and a 200 day moving average of $166.30. The company has a market cap of $13.49 billion, a P/E ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group Announces Dividend

The company also recently announced a special dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th were paid a $0.01 dividend. The ex-dividend date was Monday, September 29th. Mr. Cooper Group’s dividend payout ratio (DPR) is presently 22.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Mr. Cooper Group in a report on Saturday, September 27th. Barclays upped their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. UBS Group set a $176.00 price target on Mr. Cooper Group in a report on Tuesday, August 5th. Finally, Jefferies Financial Group increased their price objective on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $149.67.

Insider Buying and Selling at Mr. Cooper Group

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

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.