Mr. Cooper Group (NASDAQ:COOP) Rating Lowered to Neutral at Piper Sandler

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) was downgraded by analysts at Piper Sandler from an "overweight" rating to a "neutral" rating in a research report issued on Friday, Marketbeat Ratings reports. They presently have a $143.00 price objective on the stock, up from their prior price objective of $125.00. Piper Sandler's target price would suggest a potential upside of 26.82% from the stock's current price.

A number of other brokerages have also recently weighed in on COOP. Keefe, Bruyette & Woods lifted their price target on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Barclays raised their price target on Mr. Cooper Group from $111.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. JMP Securities reiterated a "market outperform" rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a report on Thursday, February 13th. Finally, UBS Group raised their target price on Mr. Cooper Group from $122.00 to $135.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $119.78.

Mr. Cooper Group Price Performance

Shares of COOP stock traded down $3.74 during trading on Friday, hitting $112.76. 857,805 shares of the stock traded hands, compared to its average volume of 544,491. Mr. Cooper Group has a 52-week low of $74.49 and a 52-week high of $137.60. The firm has a market capitalization of $7.17 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.32 and a beta of 1.17. The firm's fifty day moving average price is $109.50 and its 200-day moving average price is $100.53.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $2.73 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. As a group, equities research analysts expect that Mr. Cooper Group will post 13.17 earnings per share for the current year.

Insider Buying and Selling at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was 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 of the company's stock, valued at approximately $78,435,669.04. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in COOP. State Street Corp grew its position in shares of Mr. Cooper Group by 1.9% during the third quarter. State Street Corp now owns 2,726,946 shares of the company's stock worth $251,370,000 after acquiring an additional 51,667 shares during the last quarter. Invesco Ltd. grew its position in Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company's stock worth $172,853,000 after purchasing an additional 89,544 shares during the last quarter. Wellington Management Group LLP increased its stake in Mr. Cooper Group by 43.1% in the fourth 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 period. Price T Rowe Associates Inc. MD raised its holdings in shares of Mr. Cooper Group by 16.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company's stock valued at $83,712,000 after buying an additional 125,897 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Mr. Cooper Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 835,369 shares of the company's stock worth $80,204,000 after buying an additional 53,534 shares during the period. Institutional investors and hedge funds 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.