Illinois Municipal Retirement Fund Sells 2,816 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Illinois Municipal Retirement Fund cut its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,035 shares of the company’s stock after selling 2,816 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mr. Cooper Group were worth $2,477,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Mr. Cooper Group by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after purchasing an additional 77,838 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Mr. Cooper Group by 12.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock valued at $103,787,000 after acquiring an additional 182,014 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Mr. Cooper Group by 6.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 731,025 shares of the company’s stock worth $39,154,000 after acquiring an additional 43,121 shares in the last quarter. Invesco Ltd. grew its position in shares of Mr. Cooper Group by 42.4% in the third quarter. Invesco Ltd. now owns 593,380 shares of the company’s stock valued at $31,781,000 after purchasing an additional 176,785 shares in the last quarter. Finally, Cambria Investment Management L.P. raised its stake in shares of Mr. Cooper Group by 6.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock valued at $9,021,000 after purchasing an additional 10,486 shares during the period. Institutional investors own 89.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays upped their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a $88.00 target price on the stock. Jefferies Financial Group boosted their price target on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Wedbush increased their price objective on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group has an average rating of “Moderate Buy” and a consensus target price of $78.67.

Mr. Cooper Group Stock Performance

Shares of COOP opened at $81.72 on Thursday. Mr. Cooper Group Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $81.98. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 11.13 and a beta of 1.38. The firm has a 50 day moving average price of $74.75 and a 200-day moving average price of $66.29.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The business had revenue of $404.00 million during the quarter, compared to the consensus estimate of $398.31 million. As a group, equities research analysts predict that Mr. Cooper Group Inc. will post 9.01 earnings per share for the current year.

Insider Activity

In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the transaction, the chief executive officer now directly owns 334,631 shares in the company, valued at approximately $26,131,334.79. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, President Michael S. Weinbach acquired 17,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the sale, the chief executive officer now owns 334,631 shares of the company’s stock, valued at $26,131,334.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,000 shares of company stock valued at $5,431,500. Insiders own 2.33% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.