Mr. Cooper Group Inc (NASDAQ:COOP - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $147.88 and last traded at $146.79, with a volume of 534006 shares changing hands. The stock had previously closed at $139.63.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. UBS Group lifted their price objective on Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Barclays raised their target price on Mr. Cooper Group from $130.00 to $147.00 and gave the stock an "overweight" rating in a report on Tuesday, April 8th. Citizens Jmp downgraded Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler lowered Mr. Cooper Group from an "overweight" rating to a "neutral" rating and upped their price objective for the stock from $125.00 to $143.00 in a research report on Friday, April 4th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $131.14.
View Our Latest Stock Report on COOP
Mr. Cooper Group Stock Performance
The company has a 50 day moving average of $124.32 and a two-hundred day moving average of $111.05. The stock has a market cap of $9.25 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04.
Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. The company had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. Mr. Cooper Group's quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share. As a group, equities research analysts anticipate that Mr. Cooper Group Inc will post 13.17 EPS for the current year.
Institutional Investors Weigh In On Mr. Cooper Group
Institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its position in Mr. Cooper Group by 11.8% during the first quarter. Invesco Ltd. now owns 2,013,536 shares of the company's stock worth $240,819,000 after acquiring an additional 213,167 shares during the period. Wellington Management Group LLP increased its stake in shares of Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company's stock worth $109,346,000 after purchasing an additional 343,243 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 worth $126,438,000 after purchasing an additional 129,414 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Mr. Cooper Group by 16.9% in 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 buying an additional 125,897 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Mr. Cooper Group by 6.8% in the 4th 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 last quarter. Institutional investors and hedge funds own 89.82% of the company's stock.
About Mr. Cooper Group
(
Get Free Report)
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.
Further Reading
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