Mr. Cooper Group (NASDAQ:COOP) Price Target Raised to $130.00

Mr. Cooper Group (NASDAQ:COOP) had its price target upped by Barclays from $111.00 to $130.00 in a research report report published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other equities analysts also recently issued reports about the stock. Piper Sandler increased their price target on shares of Mr. Cooper Group from $113.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. JMP Securities started coverage on Mr. Cooper Group in a research report on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 target price for the company. Citizens Jmp upgraded Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Compass Point increased their price objective on Mr. Cooper Group from $97.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush restated an “outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mr. Cooper Group presently has an average rating of “Moderate Buy” and a consensus price target of $109.38.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $107.86 on Thursday. Mr. Cooper Group has a fifty-two week low of $70.01 and a fifty-two week high of $109.72. The firm has a market cap of $6.90 billion, a P/E ratio of 13.94, a P/E/G ratio of 0.31 and a beta of 1.43. The business’s 50 day moving average price is $99.48 and its 200-day moving average price is $95.02.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings results on Wednesday, February 12th. The company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.08. Mr. Cooper Group had a net margin of 25.87% and a return on equity of 13.77%. As a group, equities analysts predict that Mr. Cooper Group will post 10.18 EPS for the current year.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total value of $2,834,700.00. Following the completion of the transaction, the chief executive officer now owns 758,821 shares in the company, valued at $71,700,996.29. The trade was a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.33% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mr. Cooper Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV raised its holdings in shares of Mr. Cooper Group by 13.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 9,462 shares of the company’s stock valued at $908,000 after purchasing an additional 1,140 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Mr. Cooper Group during the 4th quarter valued at $70,000. Lido Advisors LLC lifted its holdings in shares of Mr. Cooper Group by 28.0% during the 4th quarter. Lido Advisors LLC now owns 3,247 shares of the company’s stock valued at $312,000 after buying an additional 711 shares during the period. Northern Trust Corp boosted its stake in shares of Mr. Cooper Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 835,369 shares of the company’s stock worth $80,204,000 after buying an additional 53,534 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its holdings in shares of Mr. Cooper Group by 333.5% in the fourth quarter. Boothbay Fund Management LLC now owns 50,538 shares of the company’s stock worth $4,852,000 after acquiring an additional 38,881 shares during the period. Institutional investors own 89.82% of the company’s stock.

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.