Dimensional Fund Advisors LP Reduces Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

Dimensional Fund Advisors LP trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,314,041 shares of the company’s stock after selling 19,606 shares during the quarter. Dimensional Fund Advisors LP owned about 3.59% of Mr. Cooper Group worth $187,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Mr. Cooper Group by 77.1% in the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Mr. Cooper Group by 8,275.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock worth $27,000 after acquiring an additional 331 shares in the last quarter. CWM LLC increased its stake in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after acquiring an additional 154 shares in the last quarter. Quest Partners LLC bought a new position in shares of Mr. Cooper Group in the 4th quarter worth about $61,000. Finally, Perkins Coie Trust Co bought a new position in shares of Mr. Cooper Group in the 2nd quarter worth about $81,000. 89.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on COOP shares. Wedbush increased their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler raised their price objective on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Barclays raised their price objective on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective for the company. in a research note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.57.

Mr. Cooper Group Stock Down 1.4 %

Shares of Mr. Cooper Group stock opened at $92.35 on Friday. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 9.67 and a beta of 1.41. The stock’s 50-day simple moving average is $89.49 and its 200-day simple moving average is $82.76. Mr. Cooper Group Inc. has a 52 week low of $52.46 and a 52 week high of $96.00.

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

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the completion of 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 accessible through this hyperlink. 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.