Mr. Cooper Group (NASDAQ:COOP) Price Target Increased to $80.00 by Analysts at Jefferies Financial Group

Mr. Cooper Group (NASDAQ:COOP) had its price objective lifted by Jefferies Financial Group from $74.00 to $80.00 in a research report sent to investors on Friday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other research analysts have also commented on the company. Deutsche Bank Aktiengesellschaft started coverage on Mr. Cooper Group in a research report on Wednesday, January 10th. They set a buy rating and a $88.00 price target on the stock. Keefe, Bruyette & Woods lifted their target price on Mr. Cooper Group from $83.00 to $86.00 and gave the company an outperform rating in a research note on Tuesday, April 9th. Wedbush lifted their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the company an outperform rating in a research note on Monday, February 12th. Finally, Barclays lifted their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the company an overweight rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Mr. Cooper Group presently has an average rating of Moderate Buy and an average price target of $78.67.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $78.06 on Friday. Mr. Cooper Group has a fifty-two week low of $41.74 and a fifty-two week high of $78.62. The firm has a market capitalization of $5.09 billion, a PE ratio of 10.63 and a beta of 1.38. The stock’s 50-day simple moving average is $74.58 and its 200-day simple moving average is $66.11.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.71 EPS for the quarter, topping the consensus estimate of $1.37 by $0.34. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $398.31 million. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. On average, sell-side analysts forecast that Mr. Cooper Group will post 9.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total transaction of $1,952,250.00. Following the sale, the chief executive officer now directly owns 334,631 shares in the company, valued at $26,131,334.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Michael S. Weinbach purchased 17,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $78.09, for a total value of $1,952,250.00. Following the completion of the transaction, the chief executive officer now directly owns 334,631 shares of the company’s stock, valued at $26,131,334.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,000 shares of company stock worth $5,431,500. 2.33% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Institutional investors have recently added to or reduced their stakes in the business. Triasima Portfolio Management inc. acquired a new position in Mr. Cooper Group in the fourth quarter valued at $1,354,000. Vanguard Group Inc. increased its stake in Mr. Cooper Group by 1.1% during the third quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock worth $387,467,000 after acquiring an additional 77,838 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Mr. Cooper Group by 12.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after acquiring an additional 182,014 shares during the last quarter. Hsbc Holdings PLC increased its stake in Mr. Cooper Group by 383.5% during the third quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock worth $7,878,000 after acquiring an additional 116,360 shares during the last quarter. Finally, Cambria Investment Management L.P. increased its stake in Mr. Cooper Group by 6.6% during the third quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock worth $9,021,000 after acquiring an additional 10,486 shares during the last quarter. 89.82% of the stock is currently owned by institutional investors and hedge funds.

About Mr. Cooper Group

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.