Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $90.00 at Deutsche Bank Aktiengesellschaft

Mr. Cooper Group (NASDAQ:COOP) had its price target boosted by Deutsche Bank Aktiengesellschaft from $88.00 to $90.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 13.98% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Wedbush upped their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday. Barclays upped their price target on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Jefferies Financial Group upped their price objective on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.22.

Mr. Cooper Group Trading Down 3.4 %

NASDAQ:COOP traded down $2.76 during trading hours on Thursday, hitting $78.96. 256,469 shares of the stock were exchanged, compared to its average volume of 479,259. Mr. Cooper Group has a 52-week low of $41.74 and a 52-week high of $81.98. The firm’s fifty day moving average price is $74.75 and its 200 day moving average price is $66.29. The company has a market cap of $5.15 billion, a P/E ratio of 10.75 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. Equities analysts expect that Mr. Cooper Group will post 9.01 EPS for the current fiscal year.

Insider Activity at Mr. Cooper Group

In related news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, President Michael S. Weinbach acquired 17,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at $1,209,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction on Thursday, March 28th. The shares were 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 in the company, valued at approximately $26,131,334.79. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,000 shares of company stock worth $5,431,500. Insiders own 2.33% of the company’s stock.

Hedge Funds Weigh In On Mr. Cooper Group

Large investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new position in Mr. Cooper Group in the fourth quarter valued at $25,000. GAMMA Investing LLC purchased a new position in shares of Mr. Cooper Group during the fourth quarter worth about $61,000. Quest Partners LLC purchased a new position in shares of Mr. Cooper Group during the fourth quarter worth about $61,000. Centaurus Financial Inc. purchased a new position in shares of Mr. Cooper Group during the fourth quarter worth about $101,000. Finally, Headlands Technologies LLC grew its holdings in shares of Mr. Cooper Group by 637.1% during the fourth quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after purchasing an additional 1,427 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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.