Mr. Cooper Group (NASDAQ:COOP - Free Report) had its price target increased by Barclays from $130.00 to $147.00 in a report released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.
Several other analysts have also commented on the stock. Piper Sandler lowered shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and increased their target price for the company from $125.00 to $143.00 in a research note on Friday, April 4th. Keefe, Bruyette & Woods raised their price objective on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. UBS Group lifted their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, JMP Securities reiterated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $119.78.
Read Our Latest Research Report on COOP
Mr. Cooper Group Stock Performance
Shares of COOP stock traded up $1.44 during mid-day trading on Tuesday, reaching $110.00. 1,419,981 shares of the company were exchanged, compared to its average volume of 558,408. The business's 50 day simple moving average is $110.06 and its 200 day simple moving average is $101.03. Mr. Cooper Group has a fifty-two week low of $74.49 and a fifty-two week high of $137.60. The company has a market capitalization of $7.00 billion, a P/E ratio of 10.81, a P/E/G ratio of 0.32 and a beta of 1.17.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (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, analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.
Insider Buying and Selling at Mr. Cooper Group
In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.33% of the company's stock.
Institutional Trading of Mr. Cooper Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verition Fund Management LLC acquired a new stake in Mr. Cooper Group during the 3rd quarter valued at $201,000. HighTower Advisors LLC bought a new position in Mr. Cooper Group in the 3rd quarter valued at about $2,353,000. State Street Corp lifted its position in Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company's stock worth $251,370,000 after acquiring an additional 51,667 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in shares of Mr. Cooper Group in the third quarter valued at approximately $290,000. Finally, EP Wealth Advisors LLC acquired a new position in Mr. Cooper Group in the 3rd quarter valued at $215,000. 89.82% of the stock is owned by institutional investors.
Mr. Cooper Group Company Profile
(
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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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