Mr. Cooper Group (NASDAQ:COOP) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of Mr. Cooper Group (NASDAQ:COOP - Free Report) to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Barclays upped their price target on shares of Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research report on Tuesday, October 8th. Wedbush reissued an "outperform" rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. JMP Securities began coverage on shares of Mr. Cooper Group in a report on Tuesday. They set an "outperform" rating and a $115.00 target price for the company. Finally, Compass Point lifted their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mr. Cooper Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.38.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock traded up $3.51 during trading hours on Tuesday, reaching $100.05. The company had a trading volume of 274,809 shares, compared to its average volume of 412,878. The business has a fifty day simple moving average of $96.41 and a 200 day simple moving average of $91.98. Mr. Cooper Group has a one year low of $61.38 and a one year high of $103.05. The firm has a market cap of $6.40 billion, a PE ratio of 12.93 and a beta of 1.43.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.54 by $0.30. Mr. Cooper Group had a return on equity of 13.77% and a net margin of 25.87%. The company had revenue of $616.00 million during the quarter, compared to analyst estimates of $548.09 million. During the same quarter in the previous year, the firm earned $2.79 earnings per share. Mr. Cooper Group's revenue was up 32.8% on a year-over-year basis. On average, research analysts forecast that Mr. Cooper Group will post 10.16 EPS for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $88.41, for a total transaction of $2,652,300.00. Following the sale, the chief executive officer now owns 818,821 shares of the company's stock, valued at $72,391,964.61. This trade represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 90,000 shares of company stock worth $8,414,400 over the last three months. 2.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. ORG Partners LLC bought a new position in Mr. Cooper Group in the fourth quarter worth approximately $51,000. Range Financial Group LLC bought a new position in Mr. Cooper Group in the 4th quarter worth $1,091,000. Oliver Luxxe Assets LLC grew its holdings in Mr. Cooper Group by 5.8% during the fourth quarter. Oliver Luxxe Assets LLC now owns 41,535 shares of the company's stock valued at $3,988,000 after purchasing an additional 2,259 shares during the period. Tidal Investments LLC bought a new stake in Mr. Cooper Group during the third quarter valued at about $2,459,000. Finally, World Investment Advisors LLC purchased a new stake in Mr. Cooper Group in the third quarter worth about $2,537,000. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

Mr. Cooper Group Company Profile

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.