Mr. Cooper Group (NASDAQ:COOP) Posts Quarterly Earnings Results, Beats Estimates By $0.17 EPS

Mr. Cooper Group (NASDAQ:COOP) posted its quarterly earnings data on Wednesday. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17, reports. The firm had revenue of $564.00 million for the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%.

Mr. Cooper Group Trading Down 0.0 %

Shares of NASDAQ:COOP opened at $78.73 on Friday. The firm has a market capitalization of $5.10 billion, a PE ratio of 8.24 and a beta of 1.38. Mr. Cooper Group has a 1-year low of $41.74 and a 1-year high of $81.98. The business’s 50 day moving average is $74.98 and its 200-day moving average is $66.48.

Analyst Ratings Changes

A number of analysts have recently weighed in on COOP shares. Barclays upped their price target on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Jefferies Financial Group increased their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Wedbush lifted 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. Deutsche Bank Aktiengesellschaft upped their price objective on Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.22.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the transaction, the chief executive officer now directly owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the transaction, the chief executive officer now owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Michael S. Weinbach acquired 17,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price 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 approximately $1,209,720. The disclosure for this purchase can be found here. Insiders sold a total of 75,000 shares of company stock valued at $5,431,500 over the last ninety days. 2.33% of the stock is owned by company insiders.

Institutional Trading of Mr. Cooper Group

Hedge funds have recently modified their holdings of the company. USA Financial Formulas bought a new stake in Mr. Cooper Group during the 4th quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at $61,000. Quest Partners LLC acquired a new stake in shares of Mr. Cooper Group in the fourth quarter valued at $61,000. Centaurus Financial Inc. bought a new position in shares of Mr. Cooper Group in the fourth quarter valued at about $101,000. Finally, Headlands Technologies LLC lifted its position in Mr. Cooper Group by 637.1% during the 4th quarter. Headlands Technologies LLC now owns 1,651 shares of the company’s stock worth $108,000 after buying an additional 1,427 shares in the last quarter. Institutional investors and hedge funds 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.