Brokerages Set Mr. Cooper Group Inc. (NASDAQ:COOP) PT at $112.22

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $112.22.

COOP has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group upped their price target on Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays lifted their target price on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Citizens Jmp raised Mr. Cooper Group to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Mr. Cooper Group from $105.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th.

Insider Activity at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $112.24, for a total value of $3,367,200.00. Following the transaction, the chief executive officer now owns 698,821 shares in the company, valued at $78,435,669.04. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.33% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mr. Cooper Group

A number of large investors have recently modified their holdings of the business. Picton Mahoney Asset Management grew its holdings in Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after buying an additional 95 shares in the last quarter. Williamson Legacy Group LLC boosted its position in Mr. Cooper Group by 1.1% in the 4th quarter. Williamson Legacy Group LLC now owns 10,835 shares of the company’s stock valued at $1,040,000 after buying an additional 118 shares during the period. Commonwealth Equity Services LLC grew its stake in Mr. Cooper Group by 2.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,984 shares of the company’s stock worth $479,000 after purchasing an additional 128 shares in the last quarter. Dakota Wealth Management increased its stake in shares of Mr. Cooper Group by 0.7% during the fourth quarter. Dakota Wealth Management now owns 27,695 shares of the company’s stock worth $2,659,000 after buying an additional 181 shares during the period. Finally, Quadrant Capital Group LLC increased its position in shares of Mr. Cooper Group by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,468 shares of the company’s stock valued at $333,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Stock Up 1.5 %

Shares of COOP opened at $100.67 on Monday. Mr. Cooper Group has a 52-week low of $72.00 and a 52-week high of $114.05. The business has a fifty day moving average of $103.96 and a 200 day moving average of $97.55. The company has a market cap of $6.40 billion, a PE ratio of 9.89, a P/E/G ratio of 0.32 and a beta of 1.49.

Mr. Cooper Group (NASDAQ:COOP) last posted 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%. As a group, research analysts anticipate that Mr. Cooper Group will post 13.17 earnings per share for the current fiscal year.

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.