Mr. Cooper Group Inc. (NASDAQ:COOP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $112.22.

A number of brokerages have recently commented on COOP. Barclays lifted their target price on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Piper Sandler lifted their target price on Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group boosted their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Keefe, Bruyette & Woods boosted their price objective on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Finally, JMP Securities reiterated a “market outperform” rating and set a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the sale, the chief executive officer now directly owns 698,821 shares of the company’s stock, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its stake in Mr. Cooper Group by 9,175.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock worth $472,000 after acquiring an additional 4,863 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Mr. Cooper Group by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after acquiring an additional 52,001 shares during the period. Cynosure Group LLC purchased a new stake in Mr. Cooper Group in the third quarter worth about $730,000. World Investment Advisors LLC purchased a new stake in Mr. Cooper Group in the third quarter worth about $2,537,000. Finally, Spire Wealth Management purchased a new stake in Mr. Cooper Group in the fourth quarter worth about $1,480,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

Mr. Cooper Group Trading Down 1.3 %

NASDAQ:COOP opened at $106.19 on Monday. The company has a market capitalization of $6.75 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.32 and a beta of 1.49. Mr. Cooper Group has a 12 month low of $70.88 and a 12 month high of $114.05. The business’s 50-day moving average is $103.69 and its 200 day moving average is $97.42.

Mr. Cooper Group (NASDAQ:COOP) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, research analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current year.

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.