Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $156.00 at Barclays

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) had its price objective upped by research analysts at Barclays from $147.00 to $156.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 5.39% from the company's current price.

Several other equities analysts also recently weighed in on COOP. Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 8th. Citizens Jmp lowered Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Piper Sandler increased their price objective on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group boosted their target price on shares of Mr. Cooper Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $134.57.

Mr. Cooper Group Stock Up 2.5%

Shares of Mr. Cooper Group stock traded up $3.66 on Tuesday, reaching $148.02. 332,525 shares of the stock were exchanged, compared to its average volume of 714,628. The business has a 50 day moving average price of $134.77 and a two-hundred day moving average price of $116.41. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 0.44 and a beta of 1.05. Mr. Cooper Group has a twelve month low of $78.20 and a twelve month high of $158.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.81 by $0.16. Mr. Cooper Group had a return on equity of 15.27% and a net margin of 25.93%. The business had revenue of $560.00 million for the quarter, compared to analyst estimates of $620.57 million. During the same quarter in the prior year, the company posted $2.73 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. Research analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jesse K. Bray sold 30,000 shares of Mr. Cooper Group stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $152.14, for a total value of $4,564,200.00. Following the completion of the transaction, the chief executive officer owned 693,187 shares in the company, valued at approximately $105,461,470.18. The trade was a 4.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.33% of the company's stock.

Institutional Trading of Mr. Cooper Group

Institutional investors and hedge funds have recently made changes to their positions in the business. DLD Asset Management LP acquired a new position in shares of Mr. Cooper Group during the 1st quarter worth about $1,495,000. Strs Ohio bought a new position in Mr. Cooper Group in the first quarter valued at approximately $849,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mr. Cooper Group by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 136,674 shares of the company's stock worth $16,346,000 after buying an additional 11,097 shares during the last quarter. Slotnik Capital LLC bought a new stake in shares of Mr. Cooper Group in the first quarter worth $4,784,000. Finally, United Services Automobile Association bought a new stake in shares of Mr. Cooper Group in the first quarter worth $508,000. 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.

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