Illinois Municipal Retirement Fund Reduces Stock Position in Mr. Cooper Group Inc. (NASDAQ:COOP)

Illinois Municipal Retirement Fund cut its position in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,299 shares of the company’s stock after selling 525 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.06% of Mr. Cooper Group worth $3,389,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd increased its holdings in Mr. Cooper Group by 152.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock worth $41,000 after buying an additional 270 shares during the period. Asset Planning Inc acquired a new stake in Mr. Cooper Group during the 4th quarter valued at approximately $48,000. ORG Partners LLC purchased a new stake in shares of Mr. Cooper Group in the 4th quarter valued at $51,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Mr. Cooper Group in the third quarter worth $52,000. Finally, Blue Trust Inc. raised its holdings in shares of Mr. Cooper Group by 71.8% during the third quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after purchasing an additional 239 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Down 0.2 %

Shares of COOP opened at $110.79 on Thursday. The firm has a market cap of $7.05 billion, a P/E ratio of 10.88, a PEG ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a 12 month low of $70.01 and a 12 month high of $112.50. The stock’s 50 day moving average is $101.59 and its two-hundred day moving average is $96.36.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Equities research analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Barclays lifted their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. UBS Group boosted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $112.22.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the transaction, the chief executive officer now owns 788,821 shares of the company’s stock, valued at $76,973,153.18. This represents a 3.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.33% of the company’s stock.

About Mr. Cooper Group

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.