Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Mr. Cooper Group (NASDAQ:COOP) Stock

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) had its price objective raised by stock analysts at Keefe, Bruyette & Woods from $105.00 to $115.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 6.62% from the stock's previous close.

Several other equities analysts also recently issued reports on COOP. Piper Sandler boosted their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Compass Point boosted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a report on Thursday, October 24th. JMP Securities reissued a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday. Finally, Barclays boosted their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a report on Thursday. Two investment 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.com, Mr. Cooper Group presently has a consensus rating of "Moderate Buy" and an average price target of $109.38.

Mr. Cooper Group Stock Down 0.7 %

COOP stock traded down $0.80 during trading on Thursday, hitting $107.86. 409,150 shares of the company's stock traded hands, compared to its average volume of 459,895. Mr. Cooper Group has a 52 week low of $70.01 and a 52 week high of $109.72. The stock has a fifty day moving average price of $99.48 and a two-hundred day moving average price of $95.06. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share 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 research analysts expect that Mr. Cooper Group will post 10.18 EPS for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. No Street GP LP lifted its holdings in Mr. Cooper Group by 29.4% in the 4th quarter. No Street GP LP now owns 550,000 shares of the company's stock valued at $52,806,000 after acquiring an additional 125,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Mr. Cooper Group by 2.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,930 shares of the company's stock valued at $3,450,000 after acquiring an additional 1,002 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $394,000. Focus Partners Wealth acquired a new stake in Mr. Cooper Group in the 4th quarter valued at about $339,000. Finally, Clark Capital Management Group Inc. lifted its holdings in Mr. Cooper Group by 40.7% in the 4th quarter. Clark Capital Management Group Inc. now owns 77,379 shares of the company's stock valued at $7,429,000 after acquiring an additional 22,367 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

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.