Brokerages Set Mr. Cooper Group Inc. (NASDAQ:COOP) PT at $112.22

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $114.78.

A number of brokerages have recently issued reports on COOP. Barclays upped their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their price target for the company from $125.00 to $143.00 in a research note on Friday. JMP Securities restated a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research note on Thursday, February 13th. Finally, Citizens Jmp cut Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday.

Mr. Cooper Group Stock Performance

NASDAQ:COOP traded up $1.11 during trading hours on Friday, reaching $134.21. The company's stock had a trading volume of 2,713,854 shares, compared to its average volume of 531,353. The stock has a 50 day moving average price of $108.62 and a two-hundred day moving average price of $99.90. The company has a market capitalization of $8.54 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 12 month low of $74.49 and a 12 month high of $137.60.

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Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping 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, analysts predict that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Insider Transactions 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 on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

Large investors have recently added to or reduced their stakes in the business. Penbrook Management LLC grew its holdings in Mr. Cooper Group by 0.6% during the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock worth $1,893,000 after acquiring an additional 100 shares in the last quarter. Copia Wealth Management acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth $292,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mr. Cooper Group in the fourth quarter valued at $5,409,000. Jefferies Financial Group Inc. acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth about $394,000. Finally, Integrated Advisors Network LLC purchased a new stake in Mr. Cooper Group during the fourth quarter worth approximately $322,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

About Mr. Cooper Group

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.