Mr. Cooper Group’s (COOP) Neutral Rating Reiterated at UBS Group

UBS Group restated their neutral rating on shares of Mr. Cooper Group (NASDAQ:COOP) in a research note published on Tuesday, Marketbeat reports. The brokerage currently has a $156.00 price target on the stock.

A number of other brokerages also recently commented on COOP. Citizens Jmp downgraded shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a “market perform” rating in a report on Tuesday, April 8th. Piper Sandler boosted their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Finally, Barclays raised their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.14.

Mr. Cooper Group Trading Up 1.1%

Shares of COOP stock opened at $148.20 on Tuesday. Mr. Cooper Group has a twelve month low of $80.35 and a twelve month high of $158.00. The stock has a fifty day simple moving average of $139.35 and a two-hundred day simple moving average of $119.02. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 0.43 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.16. The company had revenue of $560.00 million during the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.73 earnings per share. Research analysts predict that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the sale, the chief executive officer directly owned 693,187 shares in the company, valued at approximately $105,461,470.18. This trade represents a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds and other institutional investors have recently modified their holdings of COOP. First Horizon Advisors Inc. acquired a new position in Mr. Cooper Group during the 1st quarter valued at approximately $26,000. Picton Mahoney Asset Management grew its holdings in shares of Mr. Cooper Group by 41.3% during the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 95 shares during the last quarter. Allworth Financial LP increased its position in shares of Mr. Cooper Group by 24.5% in the 1st quarter. Allworth Financial LP now owns 442 shares of the company’s stock valued at $51,000 after acquiring an additional 87 shares during the period. USA Financial Formulas purchased a new position in Mr. Cooper Group in the 1st quarter worth $55,000. Finally, SVB Wealth LLC acquired a new stake in Mr. Cooper Group during the 1st quarter worth about $62,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

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.