Mr. Cooper Group Inc. (NASDAQ:COOP) Receives Average Rating of “Moderate Buy” from Analysts

Mr. Cooper Group Inc. (NASDAQ:COOP) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $104.13.

Several equities research analysts recently issued reports on COOP shares. Compass Point lifted 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. Piper Sandler lifted their price target on 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 initiated coverage on Mr. Cooper Group in a research note on Tuesday, January 14th. They issued an “outperform” rating and a $115.00 price objective for the company. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 target price on shares of Mr. Cooper Group in a research report on Thursday, October 24th.

Mr. Cooper Group Stock Performance

Mr. Cooper Group stock opened at $106.71 on Thursday. The stock has a market capitalization of $6.83 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.31 and a beta of 1.43. The company’s fifty day moving average price is $99.01 and its 200 day moving average price is $94.78. Mr. Cooper Group has a 1 year low of $70.01 and a 1 year high of $108.56.

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 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%. Sell-side analysts predict that Mr. Cooper Group will post 10.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jesse K. Bray sold 30,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 758,821 shares in the company, valued at approximately $71,700,996.29. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Mr. Cooper Group by 1.9% during the 3rd quarter. State Street Corp now owns 2,726,946 shares of the company’s stock worth $251,370,000 after purchasing an additional 51,667 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in 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 buying an additional 125,055 shares during the period. Wellington Management Group LLP increased its position in shares of Mr. Cooper Group by 43.1% during the fourth quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock valued at $109,346,000 after acquiring an additional 343,243 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mr. Cooper Group by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock valued at $84,471,000 after acquiring an additional 52,001 shares during the period. Finally, Norges Bank acquired a new position in shares of Mr. Cooper Group in the 4th quarter worth approximately $72,984,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

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.