Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $104.13 Consensus Target Price from Brokerages

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the nine ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $109.38.

Several analysts recently weighed in on the stock. Wedbush reissued an "outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, October 24th. Piper Sandler boosted their price objective on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Citizens Jmp raised shares of Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Compass Point boosted their price objective on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Finally, Barclays boosted their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday.

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Mr. Cooper Group Price Performance

NASDAQ:COOP traded down $0.80 during mid-day trading on Thursday, reaching $107.86. The stock had a trading volume of 409,150 shares, compared to its average volume of 459,895. The stock has a 50-day simple moving average of $99.48 and a two-hundred day simple moving average of $95.02. The stock has a market capitalization of $6.90 billion, a PE ratio of 13.94, a P/E/G ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a 12 month low of $70.01 and a 12 month high of $109.72.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results 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 net margin of 25.87% and a return on equity of 13.77%. Equities analysts expect that Mr. Cooper Group will post 10.18 EPS for the current year.

Insider Activity

In other 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 transaction 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. This represents a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.33% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Picton Mahoney Asset Management grew its position in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the period. Williamson Legacy Group LLC lifted its stake in shares of Mr. Cooper Group by 1.1% during the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company's stock valued at $1,040,000 after buying an additional 118 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company's stock valued at $479,000 after buying an additional 128 shares in the last quarter. Dakota Wealth Management lifted its stake in shares of Mr. Cooper Group by 0.7% during the 4th quarter. Dakota Wealth Management now owns 27,695 shares of the company's stock valued at $2,659,000 after buying an additional 181 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Mr. Cooper Group by 5.6% during the 4th 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 in the last quarter. Institutional investors and hedge funds 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.