Mr. Cooper Group (NASDAQ:COOP) Stock Rating Lowered by Keefe, Bruyette & Woods

Mr. Cooper Group (NASDAQ:COOP) was downgraded by Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday, Marketbeat Ratings reports. They presently have a $95.00 price target on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 7.04% from the company’s current price.

Several other brokerages have also weighed in on COOP. Jefferies Financial Group raised their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Barclays upped their price objective on Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Finally, Wedbush lifted their target price on Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $85.50.

Mr. Cooper Group Stock Up 1.8 %

Shares of NASDAQ COOP opened at $88.75 on Monday. Mr. Cooper Group has a fifty-two week low of $52.46 and a fifty-two week high of $90.33. The business has a 50 day moving average price of $82.92 and a two-hundred day moving average price of $76.55. The firm has a market cap of $5.74 billion, a PE ratio of 9.29 and a beta of 1.39.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.11 by $0.17. The business had revenue of $564.00 million during 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%. On average, analysts anticipate that Mr. Cooper Group will post 9.37 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Michael R. Rawls sold 27,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the completion of the transaction, the chief executive officer now owns 57,623 shares of the company’s stock, valued at $4,735,458.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Mr. Cooper Group news, CEO Michael R. Rawls sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $82.18, for a total value of $2,218,860.00. Following the sale, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $81.42, for a total value of $2,035,500.00. Following the completion of the transaction, the chief executive officer now directly owns 284,631 shares of the company’s stock, valued at $23,174,656.02. The disclosure for this sale can be found here. Insiders sold a total of 102,000 shares of company stock worth $8,247,360 in the last three months. 2.33% of the stock is owned by insiders.

Institutional Trading of Mr. Cooper Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. raised its holdings in Mr. Cooper Group by 77.1% during the second quarter. Blue Trust Inc. now owns 333 shares of the company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. CWM LLC raised its stake in shares of Mr. Cooper Group by 34.5% in the 2nd quarter. CWM LLC now owns 601 shares of the company’s stock worth $49,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mr. Cooper Group by 20.6% in the first quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock valued at $85,000 after buying an additional 185 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in Mr. Cooper Group by 2.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,521 shares of the company’s stock valued at $820,000 after buying an additional 203 shares in the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Mr. Cooper Group by 3.1% during the second quarter. QRG Capital Management Inc. now owns 7,470 shares of the company’s stock worth $607,000 after acquiring an additional 228 shares during the period. 89.82% of the stock is currently owned by institutional investors.

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.