Barclays Issues Positive Forecast for Mr. Cooper Group (NASDAQ:COOP) Stock Price

Mr. Cooper Group (NASDAQ:COOP - Free Report) had its price objective upped by Barclays from $111.00 to $130.00 in a report issued on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also weighed in on COOP. Piper Sandler raised their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. JMP Securities began coverage on shares of Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an "outperform" rating and a $115.00 price objective for the company. Citizens Jmp upgraded Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Compass Point upped their target price on 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 issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $109.38.

Mr. Cooper Group Trading Down 0.7 %

COOP stock traded down $0.80 during mid-day trading on Thursday, hitting $107.86. The stock had a trading volume of 409,150 shares, compared to its average volume of 459,895. The firm has a fifty day simple moving average of $99.48 and a 200 day simple moving average of $95.06. Mr. Cooper Group has a 52 week low of $70.01 and a 52 week high of $109.72. The firm has a market capitalization of $6.90 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. As a group, equities analysts expect that Mr. Cooper Group will post 10.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the transaction, the chief executive officer now owns 758,821 shares in the company, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.33% of the company's stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management grew its holdings in Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after acquiring an additional 95 shares during the period. Williamson Legacy Group LLC grew its stake in Mr. Cooper Group by 1.1% during the fourth quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock worth $1,040,000 after purchasing an additional 118 shares during the period. Commonwealth Equity Services LLC increased its holdings in Mr. Cooper Group by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock worth $479,000 after purchasing an additional 128 shares in the last quarter. Dakota Wealth Management increased its holdings in Mr. Cooper Group by 0.7% in the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock worth $2,659,000 after purchasing an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in Mr. Cooper Group by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company's stock valued at $333,000 after buying an additional 184 shares during the period. Institutional investors own 89.82% of the company's stock.

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.