Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $125.86 and last traded at $119.60, with a volume of 6437896 shares traded. The stock had previously closed at $104.49.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on COOP shares. Piper Sandler downgraded shares of Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their target price for the company from $125.00 to $143.00 in a research report on Friday. Citizens Jmp cut shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. UBS Group upped 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 report on Tuesday, February 18th. Barclays lifted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Finally, Keefe, Bruyette & Woods increased their target price 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. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $114.78.
Read Our Latest Analysis on Mr. Cooper Group
Mr. Cooper Group Trading Up 0.8 %
The business has a 50 day moving average of $108.62 and a 200-day moving average of $99.93. The firm has a market capitalization of $8.54 billion, a P/E ratio of 13.18, a PEG ratio of 0.32 and a beta of 1.17.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued 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, analysts anticipate that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.
Insider Transactions 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 Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Penbrook Management LLC boosted its holdings in shares of Mr. Cooper Group by 0.6% in the 1st quarter. Penbrook Management LLC now owns 15,825 shares of the company's stock valued at $1,893,000 after buying an additional 100 shares during the last quarter. Copia Wealth Management bought a new stake in Mr. Cooper Group during the fourth quarter worth $292,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Mr. Cooper Group during the fourth quarter worth $5,409,000. Jefferies Financial Group Inc. acquired a new stake in Mr. Cooper Group in the fourth quarter valued at $394,000. Finally, Integrated Advisors Network LLC acquired a new position in shares of Mr. Cooper Group during the 4th quarter worth about $322,000. 89.82% of the stock is owned by institutional investors and hedge funds.
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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