Mr. Cooper Group (NASDAQ:COOP) PT Raised to $80.00 at Jefferies Financial Group

Mr. Cooper Group (NASDAQ:COOP - Free Report) had its target price increased by Jefferies Financial Group from $74.00 to $80.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

COOP has been the topic of several other reports. Wedbush increased their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an outperform rating in a report on Monday, February 12th. Keefe, Bruyette & Woods increased their target price on shares of Mr. Cooper Group from $83.00 to $86.00 and gave the stock an outperform rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mr. Cooper Group in a report on Wednesday, January 10th. They issued a buy rating and a $88.00 target price on the stock. Finally, Barclays increased their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an overweight rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $78.67.

Mr. Cooper Group Price Performance

Shares of COOP stock traded up $1.78 during trading hours on Friday, reaching $77.55. 389,088 shares of the company were exchanged, compared to its average volume of 473,779. Mr. Cooper Group has a fifty-two week low of $41.74 and a fifty-two week high of $78.54. The stock's fifty day moving average is $74.48 and its two-hundred day moving average is $65.78. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 10.57 and a beta of 1.38.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.34. Mr. Cooper Group had a net margin of 27.87% and a return on equity of 12.01%. The company had revenue of $404.00 million for the quarter, compared to analyst estimates of $398.31 million. On average, research analysts anticipate that Mr. Cooper Group will post 9.01 earnings per share for the current year.

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of Mr. Cooper Group stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total value of $1,689,000.00. Following the completion of the transaction, the chief executive officer now owns 391,051 shares of the company's stock, valued at approximately $26,419,405.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, President Michael S. Weinbach acquired 17,000 shares of the firm's stock in a transaction dated Tuesday, February 13th. The stock was bought at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the transaction, the president now directly owns 17,000 shares in the company, valued at approximately $1,209,720. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jesse K. Bray sold 25,000 shares of the firm's stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the sale, the chief executive officer now owns 391,051 shares of the company's stock, valued at approximately $26,419,405.56. The disclosure for this sale can be found here. Insiders sold a total of 75,000 shares of company stock valued at $5,431,500 in the last quarter. Company insiders own 3.11% of the company's stock.

Institutional Trading of Mr. Cooper Group

Hedge funds have recently modified their holdings of the stock. USA Financial Formulas acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $25,000. Federated Hermes Inc. lifted its stake in shares of Mr. Cooper Group by 55.1% during the 3rd quarter. Federated Hermes Inc. now owns 752 shares of the company's stock worth $30,000 after buying an additional 267 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Mr. Cooper Group by 95.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 780 shares of the company's stock worth $32,000 after buying an additional 380 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $61,000. Finally, Quest Partners LLC acquired a new stake in Mr. Cooper Group in the 4th quarter worth about $61,000. Institutional investors and hedge funds own 89.82% of the company's stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.