Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $107.32, but opened at $101.77. Mr. Cooper Group shares last traded at $106.93, with a volume of 158,046 shares changing hands.
Wall Street Analysts Forecast Growth
COOP has been the topic of a number of research analyst reports. JMP Securities restated a "market outperform" rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday. Piper Sandler upped their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an "outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th. Compass Point boosted their price target on shares of Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, Citizens Jmp upgraded shares of Mr. Cooper Group to a "strong-buy" rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.38.
Read Our Latest Research Report on COOP
Mr. Cooper Group Stock Down 0.7 %
The firm's 50-day moving average price is $99.48 and its 200-day moving average price is $95.02. The company has a market cap of $6.90 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. As a group, analysts forecast that Mr. Cooper Group Inc. will post 10.18 earnings per share for the current year.
Insider Activity
In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the completion of the sale, the chief executive officer now directly owns 758,821 shares of the company's stock, valued at approximately $71,700,996.29. The trade was a 3.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.33% of the company's stock.
Institutional Investors Weigh In On Mr. Cooper Group
A number of large investors have recently added to or reduced their stakes in the company. State Street Corp raised its holdings in shares of Mr. Cooper Group by 1.9% during the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company's stock valued at $251,370,000 after buying an additional 51,667 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Mr. Cooper Group by 5.2% in the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after acquiring an additional 89,544 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Mr. Cooper Group by 11.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company's stock valued at $114,988,000 after purchasing an additional 125,055 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock valued at $109,346,000 after purchasing an additional 343,243 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company's stock worth $84,471,000 after purchasing an additional 52,001 shares during the period. Hedge funds and other institutional investors own 89.82% of the company's stock.
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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