Bridgewater Advisors Inc. Sells 7,907 Shares of Mr. Cooper Group Inc $COOP

Bridgewater Advisors Inc. decreased its position in shares of Mr. Cooper Group Inc (NASDAQ:COOP) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,714 shares of the company’s stock after selling 7,907 shares during the period. Bridgewater Advisors Inc.’s holdings in Mr. Cooper Group were worth $4,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in COOP. First Horizon Advisors Inc. acquired a new stake in shares of Mr. Cooper Group during the 1st quarter worth approximately $26,000. AlphaQuest LLC boosted its position in shares of Mr. Cooper Group by 88.0% during the 2nd quarter. AlphaQuest LLC now owns 188 shares of the company’s stock worth $28,000 after acquiring an additional 88 shares in the last quarter. Allworth Financial LP boosted its position in shares of Mr. Cooper Group by 24.5% during the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after acquiring an additional 87 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Mr. Cooper Group during the 1st quarter worth approximately $62,000. Finally, CWM LLC boosted its position in shares of Mr. Cooper Group by 20.7% during the 1st quarter. CWM LLC now owns 781 shares of the company’s stock worth $93,000 after acquiring an additional 134 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $182.43, for a total value of $5,472,900.00. Following the sale, the chief executive officer owned 633,187 shares of the company’s stock, valued at $115,512,304.41. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Mr. Cooper Group Price Performance

Shares of 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 stock has a market cap of $13.49 billion, a price-to-earnings ratio of 24.12 and a beta of 1.08. The company’s fifty day moving average is $208.94 and its 200 day moving average is $168.02.

Mr. Cooper Group Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, October 7th. Investors 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 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.