State of New Jersey Common Pension Fund D Sells 1,017 Shares of Mr. Cooper Group Inc. (NASDAQ:COOP)

State of New Jersey Common Pension Fund D cut its position in shares of Mr. Cooper Group Inc. (NASDAQ:COOP) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,592 shares of the company’s stock after selling 1,017 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Mr. Cooper Group were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Dakota Wealth Management raised its stake in 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 buying an additional 181 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in 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 buying an additional 213 shares during the last quarter. Blue Trust Inc. raised its stake in 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 buying an additional 222 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in 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 buying an additional 270 shares during the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in Mr. Cooper Group during the third quarter valued at $30,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Insider Activity at Mr. Cooper Group

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

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $110.51 on Friday. The stock has a market cap of $7.07 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 0.32 and a beta of 1.43. Mr. Cooper Group Inc. has a one year low of $70.01 and a one year high of $110.97. The stock has a fifty day moving average of $100.78 and a 200 day moving average of $95.83.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Barclays boosted their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. UBS Group boosted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $112.22.

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.