Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $104.49, but opened at $125.18. Mr. Cooper Group shares last traded at $121.57, with a volume of 970,003 shares changing hands.
Analysts Set New Price Targets
Several brokerages have recently commented on COOP. Barclays increased their price target on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Keefe, Bruyette & Woods increased their target price on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a "market perform" rating in a report on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. UBS Group upped their price target on 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, Piper Sandler cut Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $143.00 in a research note on Friday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $114.78.
View Our Latest Stock Analysis on Mr. Cooper Group
Mr. Cooper Group Stock Up 0.8 %
The business has a 50 day simple moving average of $108.02 and a 200-day simple moving average of $99.62. The company 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 announced 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%. Equities analysts forecast that Mr. Cooper Group Inc. will post 13.17 EPS for the current fiscal year.
Insider Buying and Selling
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 698,821 shares of the company's stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.33% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Mr. Cooper Group by 42.9% during the 3rd quarter. FMR LLC now owns 485,907 shares of the company's stock valued at $44,791,000 after purchasing an additional 145,767 shares during the period. Verition Fund Management LLC acquired a new stake in Mr. Cooper Group in the 3rd quarter valued at about $201,000. HighTower Advisors LLC bought a new position in shares of Mr. Cooper Group during the 3rd quarter valued at about $2,353,000. State Street Corp grew its stake in shares of Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company's stock worth $251,370,000 after purchasing an additional 51,667 shares during the last quarter. Finally, Taika Capital LP bought a new stake in shares of Mr. Cooper Group in the 3rd quarter worth approximately $3,999,000. Institutional investors and hedge funds 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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