Mr. Cooper Group Inc (NASDAQ:COOP) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Mr. Cooper Group Inc has received a consensus rating of "Hold" from nine brokerage firms, with five recommending to hold and four to buy the stock.
• CEO Jesse K. Bray sold 30,000 shares for over $5.24 million, representing a decrease of 4.33% in his overall holdings.
• The company reported $3.13 earnings per share for its most recent quarter, which was below analysts' expectations of $3.28.

Shares of Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report) have been given an average rating of "Hold" by the nine research firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $140.3750.

A number of analysts recently issued reports on COOP shares. Piper Sandler raised their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Jefferies Financial Group raised their target price on shares of Mr. Cooper Group from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Tuesday, July 22nd. Barclays raised their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, UBS Group set a $176.00 target price on shares of Mr. Cooper Group in a research report on Tuesday.

Mr. Cooper Group Trading Down 4.6%

Shares of COOP stock traded down $8.53 during trading hours on Thursday, hitting $177.35. The company's stock had a trading volume of 593,887 shares, compared to its average volume of 1,156,575. The business has a fifty day moving average of $152.09 and a 200-day moving average of $127.06. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 20.29 and a beta of 0.98. Mr. Cooper Group has a twelve month low of $84.15 and a twelve month high of $193.86.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $3.13 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.15). The business had revenue of $608.00 million during the quarter, compared to analyst estimates of $669.23 million. Mr. Cooper Group had a net margin of 25.38% and a return on equity of 15.66%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.10 earnings per share. On average, equities analysts expect that Mr. Cooper Group will post 13.17 EPS for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 663,187 shares of the company's stock, valued at approximately $115,872,032.64. This trade represents a 4.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.73% of the company's stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its stake in shares of Mr. Cooper Group by 11.8% in the 1st quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock valued at $240,819,000 after acquiring an additional 213,167 shares during the period. Assenagon Asset Management S.A. grew its holdings 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 in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 in the last quarter. Northern Trust Corp grew its holdings 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 in the last quarter. Finally, Cercano Management LLC grew its holdings in Mr. Cooper Group by 66.5% during the 4th quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after purchasing an additional 315,801 shares in the last quarter. Hedge funds and other institutional investors own 89.82% of the company's stock.

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.