South Dakota Investment Council Sells 11,965 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

South Dakota Investment Council reduced its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 273,189 shares of the company’s stock after selling 11,965 shares during the quarter. South Dakota Investment Council owned 0.41% of Mr. Cooper Group worth $17,790,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. increased its stake in Mr. Cooper Group by 94.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,411,766 shares of the company’s stock valued at $75,614,000 after acquiring an additional 687,321 shares during the last quarter. Invesco Ltd. increased its stake in shares of Mr. Cooper Group by 42.4% in the 3rd quarter. Invesco Ltd. now owns 593,380 shares of the company’s stock valued at $31,781,000 after purchasing an additional 176,785 shares during the last quarter. K2 Principal Fund L.P. bought a new position in shares of Mr. Cooper Group in the 3rd quarter valued at $7,571,000. Hsbc Holdings PLC raised its holdings in shares of Mr. Cooper Group by 383.5% during the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after buying an additional 116,360 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Mr. Cooper Group by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after buying an additional 77,838 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Wall Street Analysts Forecast Growth

COOP has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $83.00 to $86.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mr. Cooper Group in a report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target on the stock. Jefferies Financial Group increased their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday. Wedbush raised their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, Barclays boosted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Mr. Cooper Group Stock Up 1.8 %

NASDAQ COOP traded up $1.42 on Tuesday, hitting $79.48. The company’s stock had a trading volume of 596,585 shares, compared to its average volume of 475,092. The company’s 50-day moving average is $74.75 and its 200 day moving average is $66.29. The firm has a market cap of $5.19 billion, a PE ratio of 10.83 and a beta of 1.38. Mr. Cooper Group Inc. has a 1-year low of $41.74 and a 1-year high of $80.21.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. On average, equities analysts expect that Mr. Cooper Group Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, President Michael S. Weinbach purchased 17,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the acquisition, the president now owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the completion of the sale, the chief executive officer now owns 334,631 shares of the company’s stock, valued at $26,131,334.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael S. Weinbach bought 17,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares of the company’s stock, valued at approximately $1,209,720. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 75,000 shares of company stock worth $5,431,500. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.