Mr. Cooper Group (NASDAQ:COOP) Receives Outperform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their outperform rating on shares of Mr. Cooper Group (NASDAQ:COOP) in a research report report published on Thursday, Benzinga reports. They currently have a $92.00 target price on the stock, up from their prior target price of $86.00.

A number of other equities analysts have also weighed in on COOP. Jefferies Financial Group increased their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research report on Friday, April 19th. Wedbush increased their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a research report on Wednesday, January 10th. They issued a buy rating and a $88.00 price target for the company. Finally, Barclays raised their price objective on Mr. Cooper Group from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Mr. Cooper Group has an average rating of Moderate Buy and an average target price of $82.22.

Mr. Cooper Group Stock Down 0.0 %

NASDAQ:COOP opened at $78.73 on Thursday. The business’s 50-day moving average price is $75.09 and its 200 day moving average price is $66.73. The firm has a market cap of $5.10 billion, a P/E ratio of 8.24 and a beta of 1.38. Mr. Cooper Group has a 52-week low of $41.74 and a 52-week high of $81.98.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The business had revenue of $564.00 million during the quarter, compared to analyst estimates of $498.15 million. Sell-side 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 stock was sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the sale, the chief executive officer now directly owns 391,051 shares in the company, valued at approximately $26,419,405.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Michael S. Weinbach purchased 17,000 shares of Mr. Cooper Group stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares in the company, valued at $1,209,720. The disclosure for this purchase can be found here. Insiders sold a total of 75,000 shares of company stock worth $5,431,500 in the last three months. 2.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in COOP. SG Americas Securities LLC bought a new position in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $198,000. Exchange Traded Concepts LLC bought a new position in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $667,000. Denali Advisors LLC bought a new position in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $933,000. Xponance Inc. raised its stake in shares of Mr. Cooper Group by 47.1% in the 3rd quarter. Xponance Inc. now owns 5,837 shares of the company’s stock valued at $313,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Mr. Cooper Group by 22.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 23,314 shares of the company’s stock valued at $1,249,000 after acquiring an additional 4,211 shares in the last quarter. 89.82% of the stock is owned by institutional investors.

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.