Mr. Cooper Group (NASDAQ:COOP) Given New $145.00 Price Target at UBS Group

Mr. Cooper Group (NASDAQ:COOP - Free Report) had its price objective hoisted by UBS Group from $135.00 to $145.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. UBS Group currently has a buy rating on the stock.

COOP has been the topic of several other reports. Barclays raised their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 8th. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the company from $125.00 to $143.00 in a research report on Friday, April 4th. JMP Securities reiterated a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods upped their target price on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a report on Tuesday, April 8th. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.00.

Mr. Cooper Group Stock Performance

Shares of COOP traded down $3.17 during mid-day trading on Wednesday, hitting $108.04. 250,404 shares of the company were exchanged, compared to its average volume of 566,565. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 1-year low of $76.85 and a 1-year high of $137.60. The company has a 50 day moving average of $110.76 and a 200-day moving average of $101.86.

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 return on equity of 14.76% and a net margin of 30.07%. Research analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share 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 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. 2.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds have recently bought and sold shares of COOP. Picton Mahoney Asset Management increased its stake in Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after purchasing an additional 95 shares during the period. USA Financial Formulas purchased a new stake in Mr. Cooper Group during the 1st quarter worth approximately $55,000. Asset Planning Inc acquired a new stake in Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC purchased a new position in Mr. Cooper Group in the 4th quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Mr. Cooper Group in the fourth quarter worth $70,000. 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.