99,401 Shares in Mr. Cooper Group Inc $COOP Bought by Credit Industriel ET Commercial

Credit Industriel ET Commercial purchased a new stake in Mr. Cooper Group Inc (NASDAQ:COOP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,401 shares of the company’s stock, valued at approximately $14,832,000. Mr. Cooper Group makes up 1.3% of Credit Industriel ET Commercial’s holdings, making the stock its 8th biggest position. Credit Industriel ET Commercial owned 0.16% of Mr. Cooper Group at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new position in shares of Mr. Cooper Group in the first quarter valued at $26,000. Allworth Financial LP increased its position in shares of Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after buying an additional 87 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Mr. Cooper Group in the first quarter valued at $62,000. CWM LLC increased its position in shares of Mr. Cooper Group by 20.7% in the first quarter. CWM LLC now owns 781 shares of the company’s stock valued at $93,000 after buying an additional 134 shares in the last quarter. Finally, USA Financial Formulas increased its position in shares of Mr. Cooper Group by 91.1% in the second quarter. USA Financial Formulas now owns 883 shares of the company’s stock valued at $132,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP opened at $210.79 on Tuesday. The stock’s 50-day moving average price is $202.88 and its two-hundred day moving average price is $158.77. Mr. Cooper Group Inc has a 12-month low of $84.68 and a 12-month high of $234.73. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%.The business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. During the same period in the previous year, the business posted $3.10 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Mr. Cooper Group Inc will post 13.17 earnings per share for the current fiscal year.

Mr. Cooper Group Announces Dividend

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

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction dated 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 approximately $115,512,304.41. This trade represents a 4.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on COOP shares. Jefferies Financial Group raised their price target on Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a research report on Tuesday, July 22nd. Barclays lifted their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Piper Sandler lifted their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. UBS Group set a $176.00 price objective on Mr. Cooper Group in a research report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Mr. Cooper Group in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Mr. Cooper Group currently has an average rating of “Moderate Buy” and a consensus price target of $140.38.

Mr. Cooper Group Company 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.