Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) shares fell 6.9% during trading on Wednesday . The company traded as low as $109.18 and last traded at $108.41. 227,531 shares were traded during trading, a decline of 58% from the average session volume of 542,145 shares. The stock had previously closed at $116.50.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Barclays upped their price objective on Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Piper Sandler cut 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. Keefe, Bruyette & Woods lifted their price objective 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. Citizens Jmp lowered shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a report 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.78.
Get Our Latest Stock Report on COOP
Mr. Cooper Group Stock Up 5.4 %
The stock has a fifty day moving average of $110.06 and a 200-day moving average of $101.11. The firm has a market capitalization of $7.37 billion, a P/E ratio of 11.38, a PEG ratio of 0.32 and a beta of 1.17.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, analysts forecast 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 Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the completion of the sale, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.33% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Mr. Cooper Group
Large investors have recently bought and sold shares of the business. Picton Mahoney Asset Management raised its position in shares of Mr. Cooper Group by 41.3% during the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company's stock valued at $31,000 after acquiring an additional 95 shares during the last quarter. Asset Planning Inc bought a new position in shares of Mr. Cooper Group in the 4th quarter worth $48,000. ORG Partners LLC acquired a new stake in shares of Mr. Cooper Group during the fourth quarter worth $51,000. Kapitalo Investimentos Ltda bought a new stake in Mr. Cooper Group in the fourth quarter valued at about $70,000. Finally, Covestor Ltd lifted its stake in Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company's stock valued at $71,000 after buying an additional 599 shares during the period. 89.82% of the stock is currently 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.
Featured Stories
Before you consider Mr. Cooper Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mr. Cooper Group wasn't on the list.
While Mr. Cooper Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
