Mr. Cooper Group Inc (NASDAQ:COOP) Given Consensus Rating of "Moderate Buy" by Analysts

Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $134.57.

COOP has been the subject of several recent analyst reports. UBS Group boosted their target price on Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Barclays lifted their price target on Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Piper Sandler lifted 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, Keefe, Bruyette & Woods lifted their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research note on Tuesday, April 8th.

Insider Buying and Selling at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total transaction 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 represents a 4.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.73% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in Mr. Cooper Group by 11.8% during the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock valued at $240,819,000 after buying an additional 213,167 shares in the last quarter. Wellington Management Group LLP boosted its stake in 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 purchasing an additional 343,243 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Mr. Cooper Group by 13.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after purchasing an additional 129,414 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Mr. Cooper Group by 16.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after purchasing an additional 125,897 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Mr. Cooper Group by 6.8% during the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company's stock valued at $80,204,000 after purchasing an additional 53,534 shares during the last quarter. Institutional investors own 89.82% of the company's stock.

Mr. Cooper Group Stock Performance

Shares of NASDAQ COOP opened at $147.00 on Friday. The stock has a market cap of $9.41 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.43 and a beta of 1.05. Mr. Cooper Group has a fifty-two week low of $80.35 and a fifty-two week high of $158.00. The stock has a fifty day moving average of $137.01 and a 200-day moving average of $117.74.

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

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.

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