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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $78.67.

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Jefferies Financial Group lifted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a research note on Wednesday, January 10th. They issued a “buy” rating and a $88.00 target price for the company. Finally, Wedbush lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th.

Insider Activity

In related news, President Michael S. Weinbach bought 17,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Michael S. Weinbach bought 17,000 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the transaction, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction that occurred on Thursday, March 28th. The shares were 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 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 sold 75,000 shares of company stock worth $5,431,500. 2.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in COOP. Norges Bank purchased a new position in shares of Mr. Cooper Group during the fourth quarter worth approximately $47,104,000. Assenagon Asset Management S.A. increased its stake in shares of Mr. Cooper Group by 94.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,411,766 shares of the company’s stock worth $75,614,000 after buying an additional 687,321 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mr. Cooper Group by 198.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock worth $43,209,000 after buying an additional 441,282 shares during the period. Vanguard Group Inc. increased its stake in shares of Mr. Cooper Group by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock worth $496,608,000 after buying an additional 391,780 shares during the period. Finally, Cercano Management LLC purchased a new position in shares of Mr. Cooper Group in the fourth quarter worth $23,527,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Up 1.8 %

Mr. Cooper Group stock opened at $79.48 on Friday. Mr. Cooper Group has a 1-year low of $41.74 and a 1-year high of $80.21. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 10.83 and a beta of 1.38. The firm’s fifty day moving average price is $74.75 and its two-hundred day moving average price is $66.29.

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

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.