Stifel Financial Corp Sells 1,782 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

Stifel Financial Corp reduced its stake in Mr. Cooper Group Inc. (NASDAQ:COOP) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,106 shares of the company’s stock after selling 1,782 shares during the period. Stifel Financial Corp owned 0.09% of Mr. Cooper Group worth $5,264,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COOP. Charles Schwab Investment Management Inc. grew its stake in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after buying an additional 52,001 shares during the period. Cynosure Group LLC acquired a new stake in Mr. Cooper Group in the third quarter valued at approximately $730,000. FMR LLC increased its holdings in shares of Mr. Cooper Group by 42.9% during the third quarter. FMR LLC now owns 485,907 shares of the company’s stock valued at $44,791,000 after acquiring an additional 145,767 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Mr. Cooper Group by 50.7% during the third quarter. Los Angeles Capital Management LLC now owns 32,592 shares of the company’s stock valued at $3,004,000 after acquiring an additional 10,964 shares in the last quarter. Finally, Waterfall Asset Management LLC acquired a new position in shares of Mr. Cooper Group during the second quarter worth approximately $809,000. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $96.84 on Friday. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 12.51 and a beta of 1.41. Mr. Cooper Group Inc. has a 52-week low of $61.38 and a 52-week high of $103.05. The company has a 50-day simple moving average of $95.31 and a two-hundred day simple moving average of $89.95.

Mr. Cooper Group (NASDAQ:COOP) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.30. The company had revenue of $616.00 million during the quarter, compared to the consensus estimate of $548.09 million. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. Mr. Cooper Group’s revenue was up 32.8% on a year-over-year basis. During the same period last year, the business posted $2.79 earnings per share. On average, sell-side analysts forecast that Mr. Cooper Group Inc. will post 10.16 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $97.58, for a total transaction of $2,927,400.00. Following the completion of the sale, the chief executive officer now owns 788,821 shares in the company, valued at $76,973,153.18. This trade represents a 3.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COOP. Barclays boosted their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Compass Point upped their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush reiterated an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.57.

Mr. Cooper Group Company 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.