Teacher Retirement System of Texas Has $2.56 Million Holdings in Mr. Cooper Group Inc $COOP

Teacher Retirement System of Texas lessened its holdings in Mr. Cooper Group Inc (NASDAQ:COOP) by 12.2% during the second quarter, HoldingsChannel reports. The fund owned 17,150 shares of the company’s stock after selling 2,392 shares during the quarter. Teacher Retirement System of Texas’ holdings in Mr. Cooper Group were worth $2,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Natixis Advisors LLC raised its holdings in shares of Mr. Cooper Group by 9.6% in the 1st quarter. Natixis Advisors LLC now owns 23,956 shares of the company’s stock worth $2,865,000 after acquiring an additional 2,093 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of Mr. Cooper Group in the 1st quarter worth about $229,000. State of Alaska Department of Revenue raised its holdings in shares of 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 acquiring an additional 2,853 shares during the last quarter. Arcus Capital Partners LLC bought a new stake in Mr. Cooper Group in the 1st quarter worth about $221,000. Finally, Informed Momentum Co LLC bought a new stake in Mr. Cooper Group in the 1st quarter worth about $4,658,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by corporate insiders.

Mr. Cooper Group Price Performance

Mr. Cooper Group stock opened at $210.79 on Monday. Mr. Cooper Group Inc has a twelve month low of $84.68 and a twelve month high of $234.73. The firm has a 50 day moving average price of $208.94 and a 200-day moving average price of $168.02. The company has a market capitalization of $13.49 billion, a P/E ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, October 7th. Stockholders of record on Monday, September 29th were given 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 is currently 22.88%.

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.