Victory Capital Management Inc. Buys 19,622 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Victory Capital Management Inc. lifted its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 57.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,765 shares of the company’s stock after acquiring an additional 19,622 shares during the period. Victory Capital Management Inc. owned approximately 0.08% of Mr. Cooper Group worth $4,367,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COOP. Blue Trust Inc. boosted its stake in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after buying an additional 145 shares during the period. CWM LLC raised its position in Mr. Cooper Group by 34.5% during the second quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after purchasing an additional 154 shares in the last quarter. GAMMA Investing LLC raised its position in Mr. Cooper Group by 20.6% during the first quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock valued at $85,000 after purchasing an additional 185 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Mr. Cooper Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after purchasing an additional 203 shares in the last quarter. Finally, QRG Capital Management Inc. raised its position in Mr. Cooper Group by 3.1% during the second quarter. QRG Capital Management Inc. now owns 7,470 shares of the company’s stock valued at $607,000 after purchasing an additional 228 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on COOP shares. Barclays raised their price target on Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Piper Sandler raised their price target on Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods downgraded Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a report on Monday, July 22nd. Finally, Wedbush lifted their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Mr. Cooper Group Trading Up 0.5 %

COOP opened at $94.97 on Tuesday. The firm has a market cap of $6.12 billion, a P/E ratio of 9.94 and a beta of 1.41. Mr. Cooper Group Inc. has a 12 month low of $52.46 and a 12 month high of $95.74. The stock has a 50-day moving average of $88.95 and a 200 day moving average of $82.53.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.19. Mr. Cooper Group had a net margin of 33.22% and a return on equity of 14.10%. The business had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. During the same quarter last year, the firm earned $1.66 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, research analysts forecast that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction on Friday, June 28th. The shares were sold at an average price of $80.93, for a total value of $2,023,250.00. Following the transaction, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at $21,011,936.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.33% of the stock is currently owned by insiders.

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.