Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $100.57 Average PT from Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $100.57.

Several research analysts have commented on COOP shares. Wedbush reaffirmed an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Barclays lifted their price objective on Mr. Cooper Group from $103.00 to $108.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 8th. Finally, Compass Point increased their target price on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 24th.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $88.41, for a total value of $2,652,300.00. Following the completion of the sale, the chief executive officer now directly owns 818,821 shares in the company, valued at approximately $72,391,964.61. This trade represents a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

A number of institutional investors and hedge funds have recently made changes to their positions in COOP. Allspring Global Investments Holdings LLC boosted its holdings in Mr. Cooper Group by 8,275.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 335 shares of the company's stock worth $27,000 after acquiring an additional 331 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mr. Cooper Group by 15.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,622 shares of the company's stock valued at $1,188,000 after purchasing an additional 1,961 shares during the period. F M Investments LLC bought a new stake in Mr. Cooper Group during the 2nd quarter valued at $202,000. Hantz Financial Services Inc. acquired a new position in Mr. Cooper Group during the second quarter worth $21,609,000. Finally, Picton Mahoney Asset Management acquired a new position in Mr. Cooper Group during the second quarter worth $3,833,000. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ:COOP traded up $1.32 during midday trading on Wednesday, hitting $94.92. 174,089 shares of the stock were exchanged, compared to its average volume of 450,775. The business's 50-day moving average price is $95.44 and its 200 day moving average price is $90.68. Mr. Cooper Group has a 12 month low of $61.38 and a 12 month high of $103.05. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 12.26 and a beta of 1.41.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $2.84 earnings per share for the quarter, topping analysts' consensus estimates of $2.54 by $0.30. The firm had revenue of $616.00 million for the quarter, compared to analyst estimates of $548.09 million. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. The company's revenue for the quarter was up 32.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.79 EPS. As a group, sell-side analysts expect that Mr. Cooper Group will post 10.16 EPS for the current year.

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.