Brokerages Set Mr. Cooper Group Inc. (NASDAQ:COOP) PT at $96.29

Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $96.29.

A number of brokerages have recently commented on COOP. Keefe, Bruyette & Woods lowered shares of Mr. Cooper Group from an "outperform" rating to a "market perform" rating and set a $95.00 price objective on the stock. in a research report on Monday, July 22nd. Wedbush raised their price objective on Mr. Cooper Group from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Piper Sandler upped their target price on Mr. Cooper Group from $91.00 to $106.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Finally, Barclays raised their price target on Mr. Cooper Group from $103.00 to $108.00 and gave the company an "overweight" rating in a research note on Tuesday.

Hedge Funds Weigh In On Mr. Cooper Group

Several large investors have recently modified their holdings of the stock. Centaurus Financial Inc. acquired a new position in Mr. Cooper Group in the 4th quarter valued at about $101,000. Goldman Sachs Group Inc. grew its position in shares of Mr. Cooper Group by 198.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company's stock valued at $43,209,000 after purchasing an additional 441,282 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Mr. Cooper Group by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company's stock worth $111,674,000 after purchasing an additional 25,351 shares during the period. Vanguard Group Inc. lifted its holdings in Mr. Cooper Group by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company's stock worth $496,608,000 after purchasing an additional 391,780 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in Mr. Cooper Group in the 4th quarter valued at $233,000. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Up 0.4 %

Shares of NASDAQ:COOP traded up $0.42 during midday trading on Friday, reaching $95.19. 416,462 shares of the company were exchanged, compared to its average volume of 437,462. The firm has a market cap of $6.14 billion, a PE ratio of 9.00 and a beta of 1.40. Mr. Cooper Group has a fifty-two week low of $52.50 and a fifty-two week high of $96.00. The stock has a fifty day simple moving average of $90.47 and a two-hundred day simple moving average of $84.72.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.19. The company had revenue of $583.00 million during the quarter, compared to analysts' expectations of $552.09 million. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. Mr. Cooper Group's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 earnings per share. As a group, analysts forecast that Mr. Cooper Group will post 9.97 earnings per share for the current year.

About Mr. Cooper Group

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.