Mr. Cooper Group (NASDAQ:COOP) Given New $135.00 Price Target at UBS Group

Mr. Cooper Group (NASDAQ:COOP) had its price objective hoisted by UBS Group from $122.00 to $135.00 in a research note released on Tuesday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Several other equities analysts also recently weighed in on COOP. Wedbush reissued an “outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, October 24th. JMP Securities reissued a “market outperform” rating and set a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. Keefe, Bruyette & Woods raised their price target on Mr. Cooper Group from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Thursday, February 13th. Piper Sandler lifted their price objective on Mr. Cooper Group from $113.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Barclays lifted their price objective on Mr. Cooper Group from $111.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $112.22.

Mr. Cooper Group Price Performance

NASDAQ COOP opened at $107.68 on Tuesday. Mr. Cooper Group has a 1-year low of $70.01 and a 1-year high of $109.72. The company has a market capitalization of $6.89 billion, a P/E ratio of 13.91, a PEG ratio of 0.31 and a beta of 1.43. The business has a 50 day moving average price of $99.98 and a 200 day moving average price of $95.36.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data 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 return on equity of 13.77% and a net margin of 25.87%. On average, research analysts expect that Mr. Cooper Group will post 10.18 earnings per share for the current fiscal year.

Insider Activity at Mr. Cooper Group

In other Mr. Cooper Group news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.33% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of COOP. Creative Planning lifted its stake in shares of Mr. Cooper Group by 13.5% during the third quarter. Creative Planning now owns 21,669 shares of the company’s stock worth $1,997,000 after purchasing an additional 2,570 shares in the last quarter. Blue Trust Inc. increased its position in shares of Mr. Cooper Group by 71.8% during the third quarter. Blue Trust Inc. now owns 572 shares of the company’s stock worth $53,000 after acquiring an additional 239 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Mr. Cooper Group during the third quarter worth about $203,000. Private Advisor Group LLC purchased a new stake in shares of Mr. Cooper Group during the third quarter worth about $344,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Mr. Cooper Group by 11.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,247,434 shares of the company’s stock worth $114,988,000 after acquiring an additional 125,055 shares during the last quarter. Institutional investors and hedge funds 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.