Mr. Cooper Group (NASDAQ:COOP) PT Raised to $90.00

Mr. Cooper Group (NASDAQ:COOP) had its target price upped by Deutsche Bank Aktiengesellschaft from $88.00 to $90.00 in a report released on Thursday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other equities research analysts have also issued reports on COOP. Keefe, Bruyette & Woods reissued an outperform rating and set a $92.00 target price (up previously from $86.00) on shares of Mr. Cooper Group in a research note on Thursday. Barclays lifted their target price on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an overweight rating in a research note on Tuesday, April 9th. Wedbush lifted their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $82.22.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $78.73 on Thursday. The company has a 50 day moving average price of $75.09 and a 200 day moving average price of $66.73. Mr. Cooper Group has a 52 week low of $41.74 and a 52 week high of $81.98. The firm has a market capitalization of $5.10 billion, a price-to-earnings 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, beating analysts’ consensus estimates of $2.11 by $0.17. The company had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. Equities analysts forecast that Mr. Cooper Group will post 9.24 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction 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 completion of the sale, the chief executive officer now owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction 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 completion of the sale, the chief executive officer now owns 391,051 shares of the company’s stock, valued at approximately $26,419,405.56. The transaction 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 that occurred on Tuesday, February 13th. The stock was purchased at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the acquisition, the president now directly owns 17,000 shares in the company, valued at $1,209,720. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 75,000 shares of company stock valued at $5,431,500. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Mr. Cooper Group by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock worth $496,608,000 after acquiring an additional 391,780 shares during the period. Wellington Management Group LLP raised its holdings in Mr. Cooper Group by 1.5% in the 4th quarter. Wellington Management Group LLP now owns 1,714,900 shares of the company’s stock worth $111,674,000 after acquiring an additional 25,351 shares during the period. Assenagon Asset Management S.A. raised its holdings in Mr. Cooper Group by 12.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,593,780 shares of the company’s stock worth $103,787,000 after acquiring an additional 182,014 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Mr. Cooper Group by 5.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 768,848 shares of the company’s stock worth $50,067,000 after acquiring an additional 37,823 shares during the period. Finally, Norges Bank bought a new position in shares of Mr. Cooper Group during the 4th quarter worth about $47,104,000. 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.