Mr. Cooper Group Target of Unusually Large Options Trading (NASDAQ:COOP)

Mr. Cooper Group Inc (NASDAQ:COOP) was the target of unusually large options trading on Wednesday. Investors purchased 10,613 call options on the stock. This represents an increase of approximately 3,637% compared to the average daily volume of 284 call options.

Mr. Cooper Group Price Performance

Shares of NASDAQ COOP opened at $210.79 on Thursday. Mr. Cooper Group has a one year low of $84.68 and a one year high of $234.73. The business’s fifty day moving average price is $208.16 and its 200-day moving average price is $166.30. The stock has a market capitalization of $13.49 billion, a PE ratio of 24.12 and a beta of 1.08.

Mr. Cooper Group Announces Dividend

The company also recently declared 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%.

Wall Street Analyst Weigh In

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

Insider Transactions 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 transaction of $5,472,900.00. Following the completion of the sale, the chief executive officer owned 633,187 shares in the company, valued at approximately $115,512,304.41. This represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Arkadios Wealth Advisors purchased a new position in shares of Mr. Cooper Group during the 3rd quarter valued at $214,000. Amalgamated Bank lifted its position in shares of Mr. Cooper Group by 1.4% during the 3rd quarter. Amalgamated Bank now owns 19,826 shares of the company’s stock valued at $4,179,000 after buying an additional 266 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Mr. Cooper Group by 10.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,525 shares of the company’s stock valued at $532,000 after buying an additional 246 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Mr. Cooper Group by 18.2% during the 3rd quarter. Evergreen Capital Management LLC now owns 6,673 shares of the company’s stock valued at $1,419,000 after buying an additional 1,028 shares during the last quarter. Finally, Ritholtz Wealth Management purchased a new position in shares of Mr. Cooper Group during the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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.