Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have earned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued a report on the stock in the last year is $78.50.

A number of brokerages have issued reports on COOP. Barclays boosted their target price 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. Keefe, Bruyette & Woods increased their target price on Mr. Cooper Group from $83.00 to $86.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Wedbush raised their target price on Mr. Cooper Group from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mr. Cooper Group in a research note on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target on the stock.

Insider Transactions at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the sale, the chief executive officer now owns 391,051 shares of the company’s stock, valued at $26,419,405.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mr. Cooper Group news, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $71.16 per share, with a total value of $1,209,720.00. Following the acquisition, the president now directly owns 17,000 shares of the company’s stock, valued at $1,209,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total value 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 approximately $26,419,405.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,000 shares of company stock valued at $5,431,500. 3.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth approximately $25,000. Federated Hermes Inc. raised its stake in Mr. Cooper Group by 55.1% during the 3rd quarter. Federated Hermes Inc. now owns 752 shares of the company’s stock worth $30,000 after acquiring an additional 267 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Mr. Cooper Group by 95.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company’s stock valued at $32,000 after acquiring an additional 380 shares during the last quarter. Point72 Middle East FZE acquired a new position in Mr. Cooper Group in the fourth quarter valued at $38,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Mr. Cooper Group by 54.8% during the third quarter. Public Employees Retirement System of Ohio now owns 986 shares of the company’s stock worth $40,000 after purchasing an additional 349 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

Mr. Cooper Group Trading Up 0.1 %

Shares of NASDAQ:COOP opened at $75.77 on Friday. The business has a 50-day moving average price of $74.37 and a 200 day moving average price of $65.61. Mr. Cooper Group has a 12-month low of $41.74 and a 12-month high of $78.54. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 10.32 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The business had revenue of $404.00 million during the quarter, compared to analysts’ expectations of $398.31 million. As a group, equities research analysts predict that Mr. Cooper Group will post 9.01 earnings per share for the current fiscal year.

Mr. Cooper Group Company Profile

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.