Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $143.00

Mr. Cooper Group (NASDAQ:COOP) had its price target increased by Keefe, Bruyette & Woods from $115.00 to $143.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a market perform rating on the stock.

A number of other equities analysts have also commented on the stock. JMP Securities reissued a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group lifted their target price on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Piper Sandler downgraded Mr. Cooper Group from an “overweight” rating to a “neutral” rating and raised their price target for the company from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, Barclays boosted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Mr. Cooper Group currently has a consensus rating of “Moderate Buy” and an average target price of $119.78.

Mr. Cooper Group Trading Down 4.4 %

Shares of NASDAQ:COOP opened at $108.56 on Tuesday. The stock has a market capitalization of $6.90 billion, a PE ratio of 10.66, a P/E/G ratio of 0.32 and a beta of 1.17. Mr. Cooper Group has a 1 year low of $74.49 and a 1 year high of $137.60. The firm has a fifty day moving average price of $109.93 and a 200 day moving average price of $100.90.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, sell-side analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.33% of the stock is owned by corporate insiders.

Institutional Trading of Mr. Cooper Group

Hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of Mr. Cooper Group by 1.9% in the third quarter. State Street Corp now owns 2,726,946 shares of the company’s stock valued at $251,370,000 after purchasing an additional 51,667 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company’s stock worth $172,853,000 after acquiring an additional 89,544 shares during the period. Wellington Management Group LLP boosted its position in shares of Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock valued at $109,346,000 after acquiring an additional 343,243 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Mr. Cooper Group by 16.9% in 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 acquiring an additional 125,897 shares during the period. Finally, Northern Trust Corp raised its position in Mr. Cooper Group by 6.8% in 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 in the last quarter. Institutional investors own 89.82% of the company’s stock.

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.