Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $94.00 at Barclays

Mr. Cooper Group (NASDAQ:COOP - Free Report) had its price target boosted by Barclays from $85.00 to $94.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

COOP has been the subject of several other reports. Keefe, Bruyette & Woods reissued an outperform rating and set a $92.00 price target (up from $86.00) on shares of Mr. Cooper Group in a research report on Thursday. Wedbush increased their price target on Mr. Cooper Group from $85.00 to $100.00 and gave the company an outperform rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Mr. Cooper Group from $88.00 to $90.00 and gave the company a buy rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price target on Mr. Cooper Group from $74.00 to $80.00 and gave the company a hold rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $82.22.

Mr. Cooper Group Trading Down 3.6 %

Shares of COOP stock traded down $2.96 on Thursday, hitting $78.76. 643,088 shares of the stock were exchanged, compared to its average volume of 484,304. The firm has a market capitalization of $5.14 billion, a P/E ratio of 10.73 and a beta of 1.38. The business has a 50-day moving average of $74.91 and a 200 day moving average of $66.39. Mr. Cooper Group has a fifty-two week low of $41.74 and a fifty-two week high of $81.98.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 12.01% and a net margin of 27.87%. The firm had revenue of $564.00 million during the quarter, compared to analysts' expectations of $498.15 million. As a group, research analysts forecast that Mr. Cooper Group will post 9.01 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, President Michael S. Weinbach bought 17,000 shares of the stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the purchase, the president now owns 17,000 shares in the company, valued at $1,209,720. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jesse K. Bray sold 25,000 shares of the firm's stock in a transaction on Monday, January 29th. The stock was sold at an average price of $67.56, for a total value of $1,689,000.00. Following the transaction, the chief executive officer now owns 391,051 shares in the company, 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 over the last three months. Insiders own 2.33% of the company's stock.

Hedge Funds Weigh In On Mr. Cooper Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Dakota Wealth Management increased its stake in Mr. Cooper Group by 6.7% during the 1st quarter. Dakota Wealth Management now owns 25,032 shares of the company's stock worth $1,951,000 after acquiring an additional 1,562 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Mr. Cooper Group by 2.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 25,678 shares of the company's stock worth $2,002,000 after acquiring an additional 661 shares during the period. Penbrook Management LLC bought a new position in Mr. Cooper Group during the 1st quarter worth $949,000. AlphaMark Advisors LLC increased its stake in Mr. Cooper Group by 6.9% during the 1st quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company's stock worth $364,000 after acquiring an additional 301 shares during the period. Finally, Oliver Luxxe Assets LLC increased its stake in Mr. Cooper Group by 1.8% during the 1st quarter. Oliver Luxxe Assets LLC now owns 21,125 shares of the company's stock worth $1,647,000 after acquiring an additional 375 shares during the period. Institutional investors 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.