South Dakota Investment Council Sells 11,965 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

South Dakota Investment Council reduced its holdings in Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 273,189 shares of the company’s stock after selling 11,965 shares during the quarter. South Dakota Investment Council’s holdings in Mr. Cooper Group were worth $17,790,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Triasima Portfolio Management inc. bought a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $1,354,000. Vanguard Group Inc. grew its stake in Mr. Cooper Group by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after purchasing an additional 77,838 shares during the period. Assenagon Asset Management S.A. raised its holdings in Mr. Cooper Group by 12.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after purchasing an additional 182,014 shares in the last quarter. Hsbc Holdings PLC lifted its position in Mr. Cooper Group by 383.5% during the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock valued at $7,878,000 after buying an additional 116,360 shares during the period. Finally, Cambria Investment Management L.P. lifted its position in Mr. Cooper Group by 6.6% during the third quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock valued at $9,021,000 after buying an additional 10,486 shares during the period. 89.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael S. Weinbach acquired 17,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the purchase, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The disclosure for this purchase can be found here. Insiders sold 75,000 shares of company stock worth $5,431,500 over the last three months. 2.33% of the stock is currently owned by company insiders.

Mr. Cooper Group Trading Up 1.8 %

COOP traded up $1.42 during trading on Tuesday, hitting $79.48. 596,585 shares of the company’s stock traded hands, compared to its average volume of 475,092. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 10.83 and a beta of 1.38. The company’s 50 day simple moving average is $74.75 and its two-hundred day simple moving average is $66.29. Mr. Cooper Group Inc. has a 12-month low of $41.74 and a 12-month high of $80.21.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Friday, February 9th. The company reported $1.71 EPS for the quarter, beating the consensus estimate of $1.37 by $0.34. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The company had revenue of $404.00 million for the quarter, compared to analysts’ expectations of $398.31 million. On average, equities analysts expect that Mr. Cooper Group Inc. will post 9.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Jefferies Financial Group upped their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday. Wedbush lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Barclays upped their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Mr. Cooper Group in a research note on Wednesday, January 10th. They set a “buy” rating and a $88.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.67.

Mr. Cooper Group Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.