Jefferies Financial Group Increases Mr. Cooper Group (NASDAQ:COOP) Price Target to $150.00

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) had its target price upped by stock analysts at Jefferies Financial Group from $110.00 to $150.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's price target would suggest a potential downside of 9.39% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Barclays upped their price target on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Piper Sandler upped their price target on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. UBS Group restated a "neutral" rating and issued a $156.00 price target on shares of Mr. Cooper Group in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods increased 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. Finally, Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $137.88.

Mr. Cooper Group Trading Up 2.9%

Shares of COOP traded up $4.73 during mid-day trading on Tuesday, reaching $165.54. 374,056 shares of the stock traded hands, compared to its average volume of 737,784. Mr. Cooper Group has a 1 year low of $80.35 and a 1 year high of $173.46. The firm has a fifty day moving average price of $140.07 and a 200 day moving average price of $119.74. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 0.44 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.81 by $0.16. The firm had revenue of $560.00 million for the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The business's revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $2.73 earnings per share. On average, sell-side analysts anticipate that Mr. Cooper Group will post 13.17 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction on 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 transaction, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.33% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. First Horizon Advisors Inc. bought a new position in Mr. Cooper Group in the 1st quarter worth approximately $26,000. Allworth Financial LP lifted its position in Mr. Cooper Group by 24.5% in the first quarter. Allworth Financial LP now owns 442 shares of the company's stock worth $51,000 after purchasing an additional 87 shares during the period. USA Financial Formulas acquired a new stake in Mr. Cooper Group in the first quarter worth approximately $55,000. SVB Wealth LLC acquired a new stake in shares of Mr. Cooper Group during the 1st quarter valued at $62,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Mr. Cooper Group during the 4th quarter valued at $70,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.