Oregon Public Employees Retirement Fund Sells 201 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Oregon Public Employees Retirement Fund trimmed its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 1.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,030 shares of the company’s stock after selling 201 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Mr. Cooper Group were worth $1,443,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Dakota Wealth Management lifted its position in shares of Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock valued at $2,659,000 after purchasing an additional 181 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Mr. Cooper Group by 7.6% during the third quarter. First Trust Direct Indexing L.P. now owns 3,021 shares of the company’s stock valued at $278,000 after purchasing an additional 213 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Mr. Cooper Group by 38.8% during the fourth quarter. Blue Trust Inc. now owns 794 shares of the company’s stock valued at $76,000 after purchasing an additional 222 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Mr. Cooper Group by 3.8% during the fourth quarter. CIBC Asset Management Inc now owns 6,366 shares of the company’s stock valued at $611,000 after purchasing an additional 232 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Mr. Cooper Group by 152.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 447 shares of the company’s stock valued at $41,000 after purchasing an additional 270 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares of the company’s stock, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COOP has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group raised their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Keefe, Bruyette & Woods raised their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, February 13th. Barclays raised their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, Citizens Jmp upgraded shares of Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $112.22.

Mr. Cooper Group Stock Up 0.8 %

COOP opened at $112.37 on Friday. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 0.32 and a beta of 1.43. The firm has a 50-day moving average price of $102.29 and a 200-day moving average price of $96.65. Mr. Cooper Group Inc. has a twelve month low of $70.01 and a twelve month high of $112.99.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, sell-side analysts expect that Mr. Cooper Group Inc. will post 13.17 earnings per share for the current fiscal year.

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.