Maryland State Retirement & Pension System Sells 165 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Maryland State Retirement & Pension System decreased its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,611 shares of the company’s stock after selling 165 shares during the period. Maryland State Retirement & Pension System’s holdings in Mr. Cooper Group were worth $2,075,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Veridan Wealth LLC bought a new position in shares of Mr. Cooper Group during the fourth quarter valued at $56,244,000. FMR LLC increased its position in shares of Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock worth $44,791,000 after buying an additional 145,767 shares during the period. Basswood Capital Management L.L.C. increased its stake in Mr. Cooper Group by 36.6% in the third quarter. Basswood Capital Management L.L.C. now owns 496,243 shares of the company’s stock valued at $45,744,000 after purchasing an additional 132,970 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $9,795,000. Finally, Barclays PLC raised its position in shares of Mr. Cooper Group by 198.0% during the third quarter. Barclays PLC now owns 132,017 shares of the company’s stock worth $12,170,000 after purchasing an additional 87,712 shares during the period. Institutional investors own 89.82% of the company’s stock.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the transaction, the chief executive officer now directly owns 758,821 shares in the company, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.33% of the company’s stock.

Mr. Cooper Group Trading Up 2.0 %

COOP stock opened at $105.59 on Friday. The company’s 50 day moving average is $104.97 and its 200 day moving average is $97.93. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a 1-year low of $74.49 and a 1-year high of $114.05.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.