Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $94.00

Mr. Cooper Group (NASDAQ:COOP) had its target price raised by Barclays from $85.00 to $94.00 in a research report sent to investors on Thursday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $92.00 price objective (up previously from $86.00) on shares of Mr. Cooper Group in a report on Thursday. Jefferies Financial Group lifted their price objective on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a buy rating in a report on Thursday. Finally, Wedbush lifted their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $82.22.

Mr. Cooper Group Price Performance

Shares of Mr. Cooper Group stock opened at $78.73 on Thursday. The firm has a fifty day moving average price of $75.09 and a 200 day moving average price of $66.73. Mr. Cooper Group has a 1 year low of $41.74 and a 1 year high of $81.98. The stock has a market cap of $5.10 billion, a PE ratio of 8.24 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. The firm had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. As a group, equities analysts expect that Mr. Cooper Group will post 9.24 EPS for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group 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 sale, the chief executive officer now owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group 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 sale, the chief executive officer now owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Michael S. Weinbach bought 17,000 shares of the company’s 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 transaction, the president now owns 17,000 shares of the company’s stock, valued at $1,209,720. The disclosure for this purchase can be found here. Insiders have sold a total of 75,000 shares of company stock worth $5,431,500 over the last 90 days. 2.33% of the stock is currently owned by company insiders.

Institutional Trading of Mr. Cooper Group

Large investors have recently bought and sold shares of the business. Triasima Portfolio Management inc. purchased a new stake in Mr. Cooper Group during the 4th quarter valued at about $1,354,000. Vanguard Group Inc. grew its stake in Mr. Cooper Group by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,234,258 shares of the company’s stock valued at $387,467,000 after acquiring an additional 77,838 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Mr. Cooper Group by 12.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock valued at $103,787,000 after acquiring an additional 182,014 shares in the last quarter. Hsbc Holdings PLC grew its stake in Mr. Cooper Group by 383.5% during the 3rd quarter. Hsbc Holdings PLC now owns 146,704 shares of the company’s stock valued at $7,878,000 after acquiring an additional 116,360 shares in the last quarter. Finally, Cambria Investment Management L.P. grew its stake in Mr. Cooper Group by 6.6% during the 3rd quarter. Cambria Investment Management L.P. now owns 168,423 shares of the company’s stock valued at $9,021,000 after acquiring an additional 10,486 shares in the last quarter. Hedge funds and other institutional investors 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.