Keefe, Bruyette & Woods Raises Mr. Cooper Group (NASDAQ:COOP) Price Target to $95.00

Mr. Cooper Group (NASDAQ:COOP) had its target price lifted by stock analysts at Keefe, Bruyette & Woods from $92.00 to $95.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 12.89% from the company’s current price.

COOP has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group upped their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Wedbush lifted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Finally, Barclays increased their price target on Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mr. Cooper Group has a consensus rating of “Moderate Buy” and a consensus target price of $85.50.

Mr. Cooper Group Trading Up 3.0 %

NASDAQ COOP opened at $84.15 on Wednesday. Mr. Cooper Group has a 12 month low of $50.82 and a 12 month high of $85.17. The stock has a 50-day simple moving average of $82.02 and a 200 day simple moving average of $75.11. The company has a market capitalization of $5.45 billion, a PE ratio of 8.81 and a beta of 1.39.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. As a group, sell-side analysts predict that Mr. Cooper Group will post 9.42 earnings per share for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In related news, CEO Michael R. Rawls sold 27,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total value of $2,218,860.00. Following the sale, the chief executive officer now owns 57,623 shares of the company’s stock, valued at approximately $4,735,458.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $81.42, for a total transaction of $2,035,500.00. Following the completion of the transaction, the chief executive officer now directly owns 284,631 shares in the company, valued at approximately $23,174,656.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael R. Rawls sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total value of $2,218,860.00. Following the completion of the transaction, the chief executive officer now owns 57,623 shares of the company’s stock, valued at approximately $4,735,458.14. The disclosure for this sale can be found here. Insiders sold 102,000 shares of company stock valued at $8,247,360 over the last three months. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COOP. Triasima Portfolio Management inc. bought a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $1,354,000. Cercano Management LLC bought a new stake in Mr. Cooper Group during the fourth quarter worth $23,527,000. Vanguard Group Inc. lifted its stake in Mr. Cooper Group by 1.1% in the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock valued at $387,467,000 after acquiring an additional 77,838 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Mr. Cooper Group by 12.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock valued at $103,787,000 after acquiring an additional 182,014 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of Mr. Cooper Group by 106.7% during the 4th quarter. Federated Hermes Inc. now owns 20,223 shares of the company’s stock worth $1,317,000 after purchasing an additional 10,437 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

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.