Mr. Cooper Group Inc. (NASDAQ:COOP) Given Consensus Rating of “Moderate Buy” by Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has earned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $112.22.

COOP has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted 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 upgraded Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. UBS Group upped their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, JMP Securities restated a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a report on Thursday, February 13th.

Insiders Place Their Bets

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Mr. Cooper Group in the 4th quarter valued at about $72,984,000. 140 Summer Partners LP acquired a new position in shares of Mr. Cooper Group during the fourth quarter worth about $69,959,000. Veridan Wealth LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth approximately $56,244,000. Wellington Management Group LLP raised its position in Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock worth $109,346,000 after acquiring an additional 343,243 shares in the last quarter. Finally, Cercano Management LLC increased its holdings in shares of Mr. Cooper Group by 66.5% in the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company’s stock valued at $75,920,000 after purchasing an additional 315,801 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Stock Up 0.9 %

COOP opened at $108.69 on Thursday. The firm’s 50-day moving average price is $100.23 and its 200-day moving average price is $95.46. The company has a market cap of $6.95 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 0.31 and a beta of 1.43. Mr. Cooper Group has a 52-week low of $70.01 and a 52-week high of $109.72.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, research analysts anticipate that Mr. Cooper Group will post 13.24 EPS for the current fiscal year.

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.