Mr. Cooper Group Inc. (NASDAQ:COOP) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in Mr. Cooper Group Inc. (NASDAQ:COOPFree Report) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,484 shares of the company’s stock after selling 1,329 shares during the period. Hantz Financial Services Inc. owned approximately 0.35% of Mr. Cooper Group worth $21,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its stake in shares of Mr. Cooper Group by 5.0% in the second quarter. Envestnet Asset Management Inc. now owns 22,251 shares of the company’s stock valued at $1,807,000 after purchasing an additional 1,067 shares during the period. Sei Investments Co. increased its position in shares of Mr. Cooper Group by 63.7% during the second quarter. Sei Investments Co. now owns 59,152 shares of the company’s stock worth $4,805,000 after acquiring an additional 23,013 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Mr. Cooper Group by 2.8% in the second quarter. Bank of Montreal Can now owns 8,977 shares of the company’s stock worth $730,000 after acquiring an additional 241 shares in the last quarter. AXA S.A. purchased a new position in Mr. Cooper Group in the second quarter valued at about $907,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Mr. Cooper Group by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,006 shares of the company’s stock worth $3,006,000 after purchasing an additional 351 shares during the last quarter. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $97.58, for a total value of $2,927,400.00. Following the sale, the chief executive officer now directly owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 90,000 shares of company stock worth $8,414,400 in the last ninety days. 2.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler raised their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. JMP Securities started coverage on shares of Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price on the stock. Compass Point lifted their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Barclays increased their target price on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Finally, Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.13.

Get Our Latest Stock Report on Mr. Cooper Group

Mr. Cooper Group Price Performance

Shares of COOP opened at $105.86 on Wednesday. The company has a market cap of $6.77 billion, a P/E ratio of 13.68, a PEG ratio of 0.30 and a beta of 1.43. Mr. Cooper Group Inc. has a 12 month low of $65.54 and a 12 month high of $107.65. The stock has a fifty day moving average price of $97.41 and a 200 day moving average price of $93.55.

Mr. Cooper Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Mr. Cooper Group (NASDAQ:COOP)

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