Mr. Cooper Group's (COOP) Neutral Rating Reaffirmed at UBS Group

Mr. Cooper Group (NASDAQ:COOP - Get Free Report)'s stock had its "neutral" rating reissued by UBS Group in a research report issued on Tuesday, Marketbeat reports. They currently have a $156.00 price target on the stock. UBS Group's target price would suggest a potential upside of 4.40% from the company's previous close.

A number of other brokerages also recently commented on COOP. Piper Sandler boosted their target price on shares of Mr. Cooper Group from $143.00 to $158.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Barclays boosted their target price on shares of Mr. Cooper Group from $147.00 to $156.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $115.00 to $143.00 and gave the stock a "market perform" rating in a report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Mr. Cooper Group presently has an average rating of "Moderate Buy" and an average price target of $136.14.

Mr. Cooper Group Stock Up 0.8%

Shares of COOP stock traded up $1.23 on Tuesday, hitting $149.43. The stock had a trading volume of 509,358 shares, compared to its average volume of 729,831. The company has a market cap of $9.56 billion, a PE ratio of 16.99, a P/E/G ratio of 0.43 and a beta of 1.05. The business has a 50 day moving average price of $139.35 and a 200 day moving average price of $119.02. Mr. Cooper Group has a one year low of $80.35 and a one year high of $158.00.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $2.97 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.16. The business had revenue of $560.00 million during the quarter, compared to the consensus estimate of $620.57 million. Mr. Cooper Group had a net margin of 25.93% and a return on equity of 15.27%. The firm's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.73 earnings per share. Equities research analysts expect that Mr. Cooper Group will post 13.17 EPS 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 Tuesday, July 1st. The stock was sold at an average price of $152.14, for a total transaction of $4,564,200.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.73% of the company's stock.

Institutional Investors Weigh In On Mr. Cooper Group

A number of large investors have recently modified their holdings of COOP. Norges Bank purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth about $72,984,000. 140 Summer Partners LP purchased a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $69,959,000. Wellington Management Group LLP boosted its position 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 buying an additional 343,243 shares during the last quarter. Cercano Management LLC boosted its position in Mr. Cooper Group by 66.5% in the fourth quarter. Cercano Management LLC now owns 790,753 shares of the company's stock valued at $75,920,000 after buying an additional 315,801 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Mr. Cooper Group by 14,148.0% in the first quarter. GAMMA Investing LLC now owns 311,319 shares of the company's stock valued at $37,234,000 after buying an additional 309,134 shares during the last quarter. Hedge funds and other 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.