Mr. Cooper Group (NASDAQ:COOP) Stock Price Expected to Rise, UBS Group Analyst Says

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) had its price objective increased by equities researchers at UBS Group from $122.00 to $135.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target would suggest a potential upside of 22.16% from the company's current price.

COOP has been the subject of a number of other reports. Keefe, Bruyette & Woods upped 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. Compass Point upped their price target on Mr. Cooper Group from $97.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Barclays upped their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Citizens Jmp raised Mr. Cooper Group to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler increased their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mr. Cooper Group currently has an average rating of "Moderate Buy" and an average price target of $112.22.

Mr. Cooper Group Stock Up 1.2 %

COOP stock traded up $1.36 during midday trading on Tuesday, reaching $110.51. The stock had a trading volume of 772,403 shares, compared to its average volume of 485,071. The business has a fifty day simple moving average of $100.78 and a two-hundred day simple moving average of $95.74. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.32 and a beta of 1.43. Mr. Cooper Group has a twelve month low of $70.01 and a twelve month high of $110.97.

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

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now owns 758,821 shares of the company's stock, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Several hedge funds have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management lifted 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 valued at $31,000 after purchasing an additional 95 shares during the last quarter. Williamson Legacy Group LLC lifted its holdings in 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 purchasing an additional 118 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in 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 purchasing an additional 128 shares during the last quarter. Dakota Wealth Management lifted its holdings in 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 purchasing an additional 181 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in 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 purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.

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.