Mr. Cooper Group Inc. provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Company profile
Ticker
COOP
Exchange
Website
CEO
Jay Bray
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
WASHINGTON MUTUAL INC, WASHINGTON MUTUAL, INC, WMI HOLDINGS CORP., WMIH CORP.
SEC CIK
Corporate docs
Subsidiaries
Nationstar Mortgage Holdings Inc. • Nationstar Sub1 LLC • Nationstar Mortgage LLC ...
IRS number
911653725
COOP stock data
Analyst ratings and price targets
Latest filings (excl ownership)
SC TO-T
Third party tender offer statement
26 May 23
8-K
Submission of Matters to a Vote of Security Holders
11 May 23
SC TO-C
Information about tender offer
11 May 23
8-K
Tender and Support Agreement
11 May 23
SC TO-C
Information about tender offer
10 May 23
DFAN14A
Additional proxy materials by non-management
10 May 23
8-K
Other Events
10 May 23
10-Q
2023 Q1
Quarterly report
26 Apr 23
8-K
Results of Operations and Financial Condition
26 Apr 23
ARS
2022 FY
Annual report to shareholders
30 Mar 23
Transcripts
COOP
Earnings call transcript
2023 Q1
26 Apr 23
COOP
Earnings call transcript
2022 Q4
10 Feb 23
COOP
Earnings call transcript
2022 Q3
26 Oct 22
COOP
Earnings call transcript
2022 Q2
27 Jul 22
COOP
Earnings call transcript
2022 Q1
29 Apr 22
COOP
Earnings call transcript
2021 Q4
11 Feb 22
COOP
Earnings call transcript
2021 Q3
28 Oct 21
COOP
Earnings call transcript
2021 Q2
30 Jul 21
COOP
Earnings call transcript
2021 Q1
29 Apr 21
COOP
Earnings call transcript
2020 Q4
23 Feb 21
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 667.00 mm | 667.00 mm | 667.00 mm | 667.00 mm | 667.00 mm | 667.00 mm |
| Cash burn (monthly) | 11.67 mm | 3.50 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 24.01 mm | 7.20 mm | n/a | n/a | n/a | n/a |
| Cash remaining | 642.99 mm | 659.80 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 55.1 | 188.5 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2023
83.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 245 |
| Opened positions | 28 |
| Closed positions | 41 |
| Increased positions | 72 |
| Reduced positions | 100 |
| 13F shares | Current |
|---|---|
| Total value | 2.29 tn |
| Total shares | 56.77 mm |
| Total puts | 8.94 mm |
| Total calls | 947.40 k |
| Total put/call ratio | 9.4 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 11.15 mm | $456.61 bn |
| Vanguard | 7.36 mm | $301.39 bn |
| HG Vora Capital Management | 3.25 mm | $133.15 bn |
| STT State Street | 2.71 mm | $111.15 bn |
| Diamond Hill Capital Management | 2.68 mm | $109.66 bn |
| Dimensional Fund Advisors | 2.48 mm | $101.43 bn |
| Wellington Management | 2.17 mm | $88.70 bn |
| Rubric Capital Management | 1.74 mm | $71.21 bn |
| Geode Capital Management | 1.39 mm | $56.86 bn |
| MS Morgan Stanley | 1.23 mm | $50.47 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 May 23 | Jesse K Bray | Common Stock | Sell | Dispose S | Yes | Yes | 46.38 | 21,000 | 973.98 k | 582,871 |
| 11 May 23 | Burr Elizabeth | Common Stock | Grant | Acquire A | No | No | 0 | 2,559 | 0.00 | 34,809 |
| 11 May 23 | Guthrie Roy A | Common Stock | Grant | Acquire A | No | No | 0 | 2,559 | 0.00 | 69,001 |
| 11 May 23 | Daniela Jorge | Common Stock | Grant | Acquire A | No | No | 0 | 2,559 | 0.00 | 5,702 |
| 11 May 23 | Shveta Mujumdar | Common Stock | Grant | Acquire A | No | No | 0 | 2,559 | 0.00 | 24,044 |
News
Credit Suisse Maintains Outperform on Mr. Cooper Gr, Raises Price Target to $59
12 May 23
Mr. Cooper Gr's Return On Capital Employed Insights
27 Apr 23
Wedbush Reiterates Outperform on Mr. Cooper Gr, Maintains $55 Price Target
27 Apr 23
Rushmore Reaches Definitive Agreement To Sell Residential Mortgage Servicing Platform To Mr. Cooper Group; Transaction Includes ~250,000 Customers And $37B In Unpaid Principal Balance
26 Apr 23
Earnings Scheduled For April 26, 2023
26 Apr 23
Press releases
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Home Point Capital Inc.
11 May 23
Mr. Cooper Group to Acquire Home Point Capital for $324 Million in Cash
10 May 23
Rushmore Reaches Definitive Agreement to Sell Residential Mortgage Servicing Platform to Mr. Cooper Group
26 Apr 23
Mr. Cooper Group Reports First Quarter 2023 Results
26 Apr 23
Mr. Cooper Group Inc. to Discuss First Quarter 2023 Financial Results on April 26, 2023
5 Apr 23