Brokerages Set Mr. Cooper Group Inc. (NASDAQ:COOP) Target Price at $112.22

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $114.78.

COOP has been the subject of a number of research reports. Piper Sandler cut Mr. Cooper Group from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $125.00 to $143.00 in a research note on Friday. UBS Group upped their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Citizens Jmp cut shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. JMP Securities reiterated a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Barclays boosted their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 13th.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

A number of large investors have recently added to or reduced their stakes in COOP. Picton Mahoney Asset Management lifted its position in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 95 shares during the last quarter. Asset Planning Inc bought a new stake in Mr. Cooper Group in the 4th quarter valued at $48,000. ORG Partners LLC acquired a new stake in Mr. Cooper Group during the 4th quarter valued at $51,000. Kapitalo Investimentos Ltda bought a new position in Mr. Cooper Group during the fourth quarter worth $70,000. Finally, Covestor Ltd increased its holdings in shares of Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company’s stock valued at $71,000 after purchasing an additional 599 shares during the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

Mr. Cooper Group Trading Up 0.8 %

Shares of NASDAQ COOP opened at $134.21 on Friday. The firm’s 50-day moving average is $108.62 and its 200-day moving average is $99.98. The firm has a market capitalization of $8.54 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 1 year low of $74.49 and a 1 year high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share 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.