Mr. Cooper Group (NASDAQ:COOP) PT Raised to $115.00

Mr. Cooper Group (NASDAQ:COOP) had its price objective hoisted by Wedbush from $100.00 to $115.00 in a research note published on Friday, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research note on Friday, April 19th. Keefe, Bruyette & Woods cut shares of Mr. Cooper Group from an outperform rating to a market perform rating and set a $95.00 target price for the company. in a research note on Monday, July 22nd. Barclays upped their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the stock an overweight rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft lifted their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a buy rating in a report on Thursday, April 25th. Finally, Piper Sandler raised their price objective on Mr. Cooper Group from $91.00 to $106.00 and gave the company an overweight rating in a research report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Mr. Cooper Group currently has an average rating of Moderate Buy and a consensus price target of $91.88.

Mr. Cooper Group Stock Down 3.2 %

Mr. Cooper Group stock opened at $91.47 on Friday. Mr. Cooper Group has a twelve month low of $52.46 and a twelve month high of $95.74. The company has a 50 day moving average of $83.52 and a 200-day moving average of $77.35. The stock has a market capitalization of $5.92 billion, a PE ratio of 9.58 and a beta of 1.39.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Thursday, July 25th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.19. Mr. Cooper Group had a return on equity of 14.10% and a net margin of 33.22%. The business had revenue of $583.00 million during the quarter, compared to the consensus estimate of $552.09 million. During the same period last year, the company earned $1.66 earnings per share. Mr. Cooper Group’s quarterly revenue was up 3.4% on a year-over-year basis. Equities analysts anticipate that Mr. Cooper Group will post 9.36 EPS for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the sale, the chief executive officer now owns 259,631 shares in the company, valued at approximately $21,011,936.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $80.93, for a total value of $2,023,250.00. Following the completion of the transaction, the chief executive officer now owns 259,631 shares of the company’s stock, valued at $21,011,936.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the sale, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 77,000 shares of company stock worth $6,277,610. Corporate insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in COOP. Vanguard Group Inc. raised its holdings in shares of Mr. Cooper Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,668,898 shares of the company’s stock worth $597,791,000 after buying an additional 42,860 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Mr. Cooper Group by 1.5% in the 4th quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company’s stock valued at $111,674,000 after purchasing an additional 25,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Mr. Cooper Group by 5.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company’s stock valued at $50,067,000 after purchasing an additional 37,823 shares during the last quarter. Norges Bank acquired a new position in Mr. Cooper Group during the 4th quarter worth approximately $47,104,000. Finally, Goldman Sachs Group Inc. boosted its position in 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 buying an additional 441,282 shares in the last quarter. 89.82% of the stock is currently owned by institutional investors.

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.