Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $178.00 at UBS Group

Mr. Cooper Group (NASDAQ:COOP) had its target price upped by UBS Group from $156.00 to $178.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

COOP has been the topic of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the company a “hold” rating in a report on Tuesday, July 22nd. Keefe, Bruyette & Woods lifted their target price 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 upped their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Finally, Barclays raised their price objective on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $140.63.

Mr. Cooper Group Trading Up 5.7%

Shares of NASDAQ:COOP opened at $189.34 on Tuesday. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 21.66 and a beta of 0.98. The stock’s 50-day moving average price is $148.87 and its two-hundred day moving average price is $125.36. Mr. Cooper Group has a 12-month low of $82.55 and a 12-month high of $190.47.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.15). Mr. Cooper Group had a return on equity of 15.66% and a net margin of 25.38%. The company had revenue of $608.00 million for the quarter, compared to analysts’ expectations of $669.23 million. During the same quarter in the previous year, the company earned $3.10 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

Insider Activity

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $174.72, for a total value of $5,241,600.00. Following the completion of the sale, the chief executive officer owned 663,187 shares of the company’s stock, valued at $115,872,032.64. This trade represents a 4.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Mr. Cooper Group

A number of large investors have recently added to or reduced their stakes in COOP. Bessemer Group Inc. lifted its holdings in Mr. Cooper Group by 3.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,831 shares of the company’s stock worth $273,000 after buying an additional 63 shares in the last quarter. Allworth Financial LP increased its position in shares of Mr. Cooper Group by 24.5% during the first quarter. Allworth Financial LP now owns 442 shares of the company’s stock worth $51,000 after acquiring an additional 87 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Mr. Cooper Group by 88.0% in the second quarter. AlphaQuest LLC now owns 188 shares of the company’s stock worth $28,000 after acquiring an additional 88 shares in the last quarter. Sage Rhino Capital LLC boosted its holdings in Mr. Cooper Group by 4.7% in the first quarter. Sage Rhino Capital LLC now owns 2,187 shares of the company’s stock valued at $262,000 after purchasing an additional 98 shares during the last quarter. Finally, Penbrook Management LLC boosted its holdings in Mr. Cooper Group by 0.6% in the first quarter. Penbrook Management LLC now owns 15,825 shares of the company’s stock valued at $1,893,000 after purchasing an additional 100 shares during the last quarter. 89.82% of the stock is owned by institutional investors and hedge funds.

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.