Mr. Cooper Group (NASDAQ:COOP - Get Free Report) had its price target lifted by analysts at Keefe, Bruyette & Woods from $115.00 to $143.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Keefe, Bruyette & Woods' price target indicates a potential upside of 30.00% from the stock's current price.
Several other brokerages also recently issued reports on COOP. Barclays raised their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price target for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. UBS Group lifted their price objective 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 restated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.78.
Check Out Our Latest Report on Mr. Cooper Group
Mr. Cooper Group Trading Up 1.3 %
Mr. Cooper Group stock traded up $1.44 during mid-day trading on Tuesday, reaching $110.00. The company's stock had a trading volume of 1,419,981 shares, compared to its average volume of 558,408. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 10.81, a PEG 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 moving average price of $110.06 and a 200-day moving average price of $101.03.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. On average, equities analysts expect that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.
Insider Transactions at Mr. Cooper Group
In related news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.33% of the company's stock.
Institutional Trading of Mr. Cooper Group
A number of large investors have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its position in shares of Mr. Cooper Group by 9,175.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company's stock valued at $472,000 after acquiring an additional 4,863 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group during the fourth quarter valued at $1,603,000. World Investment Advisors LLC acquired a new position in shares of Mr. Cooper Group in the 3rd quarter valued at $2,537,000. Spire Wealth Management purchased a new position in Mr. Cooper Group in the 4th quarter worth about $1,480,000. Finally, JPMorgan Chase & Co. raised its holdings in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company's stock worth $61,846,000 after buying an additional 86,510 shares during the period. 89.82% of the stock is currently owned by institutional investors.
About Mr. Cooper Group
(
Get Free Report)
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.
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