Mr. Cooper Group Inc. (NASDAQ:COOP) Given Consensus Rating of “Moderate Buy” by Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $112.22.

A number of research firms recently weighed in on COOP. Citizens Jmp lowered shares of Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods increased their price objective 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 note on Wednesday, January 22nd. JMP Securities restated a “market outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research note on Thursday, February 13th. Finally, UBS Group raised their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, February 18th.

Mr. Cooper Group Trading Down 0.3 %

Mr. Cooper Group stock opened at $133.10 on Friday. The firm has a 50 day simple moving average of $108.02 and a 200 day simple moving average of $99.62. Mr. Cooper Group has a 1-year low of $74.49 and a 1-year high of $137.60. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 0.32 and a beta of 1.17.

Mr. Cooper Group (NASDAQ:COOP) last released its quarterly earnings data on Wednesday, February 12th. The company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.08. Mr. Cooper Group had a return on equity of 14.76% and a net margin of 30.07%. On average, equities research analysts forecast that Mr. Cooper Group will post 13.17 EPS for the current year.

Insider Activity at Mr. Cooper Group

In related news, CEO Jesse K. Bray sold 30,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total transaction of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares of the company’s stock, valued at approximately $78,435,669.04. This trade represents a 4.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.33% of the stock is currently owned by insiders.

Institutional Trading of Mr. Cooper Group

Several institutional investors have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management increased its holdings in shares of Mr. Cooper Group by 41.3% in the fourth quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock worth $31,000 after buying an additional 95 shares during the period. Asset Planning Inc bought a new position in Mr. Cooper Group during the 4th quarter worth approximately $48,000. ORG Partners LLC purchased a new position in Mr. Cooper Group in the 4th quarter worth approximately $51,000. Kapitalo Investimentos Ltda bought a new stake in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Finally, Covestor Ltd lifted its position in Mr. Cooper Group by 418.9% in the fourth quarter. Covestor Ltd now owns 742 shares of the company’s stock valued at $71,000 after purchasing an additional 599 shares during the last quarter. 89.82% of the stock is currently owned by hedge funds and other institutional investors.

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.