South Dakota Investment Council Sells 30,575 Shares of Mr. Cooper Group Inc $COOP

South Dakota Investment Council lowered its stake in Mr. Cooper Group Inc (NASDAQ:COOP) by 18.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 133,344 shares of the company’s stock after selling 30,575 shares during the period. South Dakota Investment Council owned 0.21% of Mr. Cooper Group worth $19,896,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COOP. Independent Advisor Alliance bought a new position in shares of Mr. Cooper Group during the first quarter valued at $229,000. Natixis Advisors LLC grew its position in Mr. Cooper Group by 9.6% during the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company’s stock valued at $2,865,000 after purchasing an additional 2,093 shares during the last quarter. Arcus Capital Partners LLC bought 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% during the 2nd quarter. State of Alaska Department of Revenue now owns 38,097 shares of the company’s stock valued at $5,683,000 after purchasing an additional 2,853 shares in the last quarter. Finally, Informed Momentum Co LLC bought a new position in shares of Mr. Cooper Group in the first quarter worth approximately $4,658,000. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Price Performance

Shares of NASDAQ:COOP opened at $210.79 on Friday. The stock has a market capitalization of $13.49 billion, a PE ratio of 24.12 and a beta of 1.08. The firm’s 50 day moving average price is $208.94 and its 200-day moving average price is $167.64. Mr. Cooper Group Inc has a twelve month low of $84.68 and a twelve month high of $234.73.

Mr. Cooper Group Announces Dividend

The firm also recently declared 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 was Monday, September 29th. Mr. Cooper Group’s dividend payout ratio (DPR) is currently 22.88%.

Analyst Upgrades and Downgrades

COOP has been the subject of a number of recent analyst reports. UBS Group set a $176.00 price objective on shares of Mr. Cooper Group in a report on Tuesday, August 5th. Jefferies Financial Group boosted their target price on Mr. Cooper Group from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Tuesday, July 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mr. Cooper Group in a report on Saturday, September 27th. Finally, Barclays boosted their price objective on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $149.67.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’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 transaction, the chief executive officer directly owned 633,187 shares of the company’s stock, valued at approximately $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 can be accessed through this link. 1.73% of the stock is owned by company 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.