Citizens Jmp Downgrades Mr. Cooper Group (NASDAQ:COOP) to Hold

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) was downgraded by research analysts at Citizens Jmp from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts have also weighed in on the company. Piper Sandler upped their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a report on Thursday, February 13th. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. UBS Group increased their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, JMP Securities reissued a "market outperform" rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Four 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 company has a consensus rating of "Moderate Buy" and an average target price of $114.78.

Mr. Cooper Group Stock Up 0.8 %

Shares of NASDAQ COOP traded up $1.11 during midday trading on Tuesday, hitting $134.21. The company had a trading volume of 2,713,854 shares, compared to its average volume of 531,069. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a twelve month low of $74.49 and a twelve month high of $137.60. The business has a 50-day simple moving average of $108.62 and a two-hundred day simple moving average of $99.93.

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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, topping 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%. On average, equities analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the 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 owns 698,821 shares of the company's stock, valued at $78,435,669.04. This represents a 4.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.33% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management boosted its stake in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock worth $31,000 after buying an additional 95 shares during the last quarter. Asset Planning Inc purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth about $48,000. ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group in the fourth quarter worth approximately $51,000. Kapitalo Investimentos Ltda purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Finally, Covestor Ltd increased its position in Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock worth $71,000 after purchasing an additional 599 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

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.