Victory Capital Management Inc. Sells 11,144 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Victory Capital Management Inc. lessened its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,565 shares of the company’s stock after selling 11,144 shares during the period. Victory Capital Management Inc. owned about 0.07% of Mr. Cooper Group worth $4,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sage Rhino Capital LLC bought a new position in Mr. Cooper Group in the fourth quarter valued at about $201,000. Williamson Legacy Group LLC grew its position in Mr. Cooper Group by 1.1% in the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after acquiring an additional 118 shares during the last quarter. Veridan Wealth LLC bought a new position in Mr. Cooper Group in the fourth quarter valued at about $56,244,000. QRG Capital Management Inc. grew its position in Mr. Cooper Group by 3.6% in the fourth quarter. QRG Capital Management Inc. now owns 7,644 shares of the company’s stock valued at $734,000 after acquiring an additional 263 shares during the last quarter. Finally, Navellier & Associates Inc. grew its position in Mr. Cooper Group by 9.9% in the fourth quarter. Navellier & Associates Inc. now owns 7,528 shares of the company’s stock valued at $723,000 after acquiring an additional 678 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.33% of the stock is owned by corporate insiders.

Mr. Cooper Group Stock Performance

COOP stock opened at $101.56 on Friday. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 0.32 and a beta of 1.49. Mr. Cooper Group Inc. has a fifty-two week low of $72.00 and a fifty-two week high of $114.05. The stock has a fifty day moving average of $104.18 and a 200-day moving average of $97.67.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings results 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 return on equity of 14.76% and a net margin of 30.07%. Equities analysts predict that Mr. Cooper Group Inc. will post 13.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. 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 note on Thursday, February 13th. JMP Securities reiterated a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Piper Sandler upped their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, UBS Group increased their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.