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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $119.78.

Several brokerages recently issued reports on COOP. UBS Group boosted their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler lowered Mr. Cooper Group from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $125.00 to $143.00 in a report on Friday, April 4th. Barclays increased their price target on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an “overweight” rating in a report on Tuesday. JMP Securities reiterated a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’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 owns 698,821 shares of the company’s stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.33% of the stock is currently owned by company insiders.

Institutional Trading of Mr. Cooper Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in shares of Mr. Cooper Group by 1.9% in the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after acquiring an additional 51,667 shares in the last quarter. Invesco Ltd. lifted its stake in Mr. Cooper Group by 5.2% during the fourth quarter. Invesco Ltd. now owns 1,800,369 shares of the company’s stock worth $172,853,000 after purchasing an additional 89,544 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Mr. Cooper Group by 43.1% in the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock worth $109,346,000 after purchasing an additional 343,243 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Mr. Cooper Group by 16.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company’s stock valued at $83,712,000 after purchasing an additional 125,897 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company’s stock worth $80,204,000 after purchasing an additional 53,534 shares during the period. 89.82% of the stock is owned by institutional investors.

Mr. Cooper Group Stock Down 9.8 %

COOP stock opened at $116.50 on Friday. The business has a 50 day moving average price of $109.50 and a 200 day moving average price of $100.53. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a fifty-two week low of $74.49 and a fifty-two week high of $137.60.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. As a group, sell-side analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current year.

About Mr. Cooper Group

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.