TD Asset Management Inc Has $447,000 Holdings in Mr. Cooper Group Inc. (NASDAQ:COOP)

TD Asset Management Inc reduced its stake in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 33.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the company’s stock after selling 2,800 shares during the quarter. TD Asset Management Inc’s holdings in Mr. Cooper Group were worth $447,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Mr. Cooper Group by 77.1% during the 2nd quarter. Blue Trust Inc. now owns 333 shares of the company’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. CWM LLC increased its holdings in Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock valued at $49,000 after buying an additional 154 shares during the period. GAMMA Investing LLC increased its holdings in Mr. Cooper Group by 20.6% in the 1st quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock valued at $85,000 after buying an additional 185 shares during the period. B. Riley Wealth Advisors Inc. increased its holdings in Mr. Cooper Group by 2.0% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after buying an additional 203 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in Mr. Cooper Group by 3.1% in the 2nd quarter. QRG Capital Management Inc. now owns 7,470 shares of the company’s stock valued at $607,000 after buying an additional 228 shares during the period. 89.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays boosted their price target on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Piper Sandler boosted their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a report on Monday, July 22nd. Finally, Wedbush upped their target price on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and an average target price of $91.88.

Mr. Cooper Group Trading Up 5.1 %

Mr. Cooper Group stock opened at $94.53 on Monday. Mr. Cooper Group Inc. has a 1 year low of $52.46 and a 1 year high of $95.74. The company has a market cap of $6.10 billion, a PE ratio of 9.90 and a beta of 1.41. The company’s 50-day moving average is $88.62 and its two-hundred day moving average is $82.36.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $583.00 million for the quarter, compared to the consensus estimate of $552.09 million. During the same period in the prior year, the company posted $1.66 EPS. The company’s revenue was up 3.4% compared to the same quarter last year. Research analysts forecast that Mr. Cooper Group Inc. will post 9.86 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 259,631 shares in the company, valued at approximately $21,011,936.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

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.