Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $147.00

Mr. Cooper Group (NASDAQ:COOP) had its price objective hoisted by Barclays from $130.00 to $147.00 in a research report report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

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

Mr. Cooper Group Price Performance

COOP stock opened at $108.56 on Tuesday. Mr. Cooper Group has a one year low of $74.49 and a one year high of $137.60. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The company has a fifty day moving average price of $109.93 and a two-hundred day moving average price of $100.90.

Mr. Cooper Group (NASDAQ:COOP) last announced its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. Research analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 698,821 shares in the company, valued at $78,435,669.04. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB boosted its stake in Mr. Cooper Group by 9,175.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 4,916 shares of the company’s stock valued at $472,000 after buying an additional 4,863 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Mr. Cooper Group in the fourth quarter worth about $1,603,000. World Investment Advisors LLC acquired a new stake in shares of Mr. Cooper Group in the 3rd quarter valued at approximately $2,537,000. Spire Wealth Management bought a new stake in shares of Mr. Cooper Group during the 4th quarter valued at approximately $1,480,000. Finally, JPMorgan Chase & Co. increased its position in Mr. Cooper Group by 15.5% during the 4th quarter. JPMorgan Chase & Co. now owns 644,159 shares of the company’s stock worth $61,846,000 after purchasing an additional 86,510 shares in the last quarter. Institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

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.