TD Asset Management Inc Sells 2,800 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

TD Asset Management Inc trimmed its holdings in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 33.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of COOP. Blue Trust Inc. increased 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 worth $26,000 after purchasing an additional 145 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Mr. Cooper Group by 8,275.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company’s stock worth $27,000 after purchasing an additional 331 shares in the last quarter. CWM LLC increased its stake in Mr. Cooper Group by 34.5% during the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after purchasing an additional 154 shares in the last quarter. Quest Partners LLC bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $61,000. Finally, Perkins Coie Trust Co bought a new position in shares of Mr. Cooper Group during the 2nd quarter worth approximately $81,000. 89.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the completion of the sale, the chief executive officer now owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Mr. Cooper Group from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Piper Sandler raised their price target on shares of Mr. Cooper Group from $91.00 to $106.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Barclays raised their price target on shares of Mr. Cooper Group from $94.00 to $103.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods cut shares of Mr. Cooper Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Mr. Cooper Group Trading Up 5.1 %

NASDAQ:COOP 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 firm has a fifty day simple moving average of $88.62 and a 200 day simple moving average of $82.36. The stock has a market capitalization of $6.10 billion, a PE ratio of 9.90 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP) last released its earnings results on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $583.00 million during the quarter, compared to analysts’ expectations of $552.09 million. During the same period last year, the business earned $1.66 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, equities analysts predict that Mr. Cooper Group Inc. will post 9.86 earnings per share for the current fiscal year.

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.