Mr. Cooper Group Inc. (NASDAQ:COOP) Receives $131.14 Average Price Target from Brokerages

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $131.14.

Several research analysts have commented on the company. Piper Sandler downgraded Mr. Cooper Group from an "overweight" rating to a "neutral" rating and raised their price objective for the stock from $125.00 to $143.00 in a report on Friday, April 4th. Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the company a "market perform" rating in a research note on Tuesday, April 8th. UBS Group upped their price objective on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, Barclays boosted their price target on shares of Mr. Cooper Group from $130.00 to $147.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th.

Insider Buying and Selling at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value 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 trade represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.33% of the stock is owned by insiders.

Hedge Funds Weigh In On Mr. Cooper Group

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

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock traded up $0.98 during mid-day trading on Tuesday, hitting $120.58. The company's stock had a trading volume of 753,284 shares, compared to its average volume of 574,827. The company has a 50 day moving average of $112.15 and a 200-day moving average of $103.30. Mr. Cooper Group has a one year low of $78.20 and a one year high of $137.60. The stock has a market cap of $7.72 billion, a PE ratio of 11.84, a P/E/G ratio of 0.32 and a beta of 1.17.

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 analysts' consensus estimates of $2.81 by $0.16. Mr. Cooper Group had a net margin of 30.07% and a return on equity of 14.76%. The firm had revenue of $560.00 million for the quarter, compared to analysts' expectations of $620.57 million. During the same period in the prior year, the business posted $2.73 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. On average, equities research analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

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.