Mr. Cooper Group (NASDAQ:COOP) Given Neutral Rating at UBS Group

Mr. Cooper Group (NASDAQ:COOP - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at UBS Group in a report released on Tuesday, MarketBeat.com reports. They currently have a $156.00 price objective on the stock. UBS Group's price objective suggests a potential upside of 5.26% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Barclays raised their price target 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. Keefe, Bruyette & Woods raised their target price on 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. Piper Sandler boosted their price target on Mr. Cooper Group from $143.00 to $158.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Citizens Jmp downgraded shares of Mr. Cooper Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 1st. 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 MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $136.14.

Mr. Cooper Group Stock Up 1.1%

Shares of Mr. Cooper Group stock traded up $1.56 during trading on Tuesday, reaching $148.20. The company's stock had a trading volume of 865,635 shares, compared to its average volume of 729,357. Mr. Cooper Group has a 1-year low of $80.35 and a 1-year high of $158.00. The company has a 50-day simple moving average of $138.77 and a two-hundred day simple moving average of $118.65. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 16.84, a P/E/G ratio of 0.42 and a beta of 1.05.

Mr. Cooper Group (NASDAQ:COOP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $2.97 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $620.57 million. During the same quarter last year, the company earned $2.73 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the company's stock in a transaction 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. This represents a 4.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Mr. Cooper Group in the fourth quarter valued at about $1,603,000. Park Avenue Securities LLC acquired a new position in shares of Mr. Cooper Group in the 1st quarter valued at about $1,684,000. Assenagon Asset Management S.A. grew its position in Mr. Cooper Group by 13.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,057,176 shares of the company's stock valued at $126,438,000 after acquiring an additional 129,414 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Mr. Cooper Group during the fourth quarter worth about $394,000. Finally, Arcus Capital Partners LLC bought a new stake in shares of Mr. Cooper Group in the first quarter worth $221,000. 89.82% of the stock is owned by hedge funds and other institutional investors.

About Mr. Cooper Group

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.