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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $85.13.

A number of brokerages have recently commented on COOP. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mr. Cooper Group from $88.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Jefferies Financial Group lifted their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a report on Friday, April 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 target price (up from $86.00) on shares of Mr. Cooper Group in a report on Thursday, April 25th. Wedbush boosted their price objective on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Barclays boosted their price objective on shares of Mr. Cooper Group from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th.

Mr. Cooper Group Stock Up 0.3 %

NASDAQ:COOP opened at $80.48 on Wednesday. The company has a market capitalization of $5.21 billion, a PE ratio of 8.43 and a beta of 1.39. Mr. Cooper Group has a 52-week low of $48.01 and a 52-week high of $85.17. The stock’s 50 day moving average price is $81.73 and its 200 day moving average price is $74.49.

Mr. Cooper Group (NASDAQ:COOP) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.17. The business had revenue of $564.00 million during the quarter, compared to the consensus estimate of $498.15 million. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. As a group, sell-side analysts anticipate that Mr. Cooper Group will post 9.48 EPS for the current fiscal year.

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the transaction, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $80.93, for a total transaction of $2,023,250.00. Following the transaction, the chief executive officer now directly owns 259,631 shares of the company’s stock, valued at approximately $21,011,936.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael R. Rawls sold 27,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $82.18, for a total transaction of $2,218,860.00. Following the completion of the sale, the chief executive officer now owns 57,623 shares in the company, valued at $4,735,458.14. The disclosure for this sale can be found here. Insiders have sold a total of 102,000 shares of company stock valued at $8,247,360 in the last ninety days. 2.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mr. Cooper Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Mr. Cooper Group in the 4th quarter valued at about $47,104,000. Goldman Sachs Group Inc. lifted its holdings in Mr. Cooper Group by 198.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 663,530 shares of the company’s stock valued at $43,209,000 after purchasing an additional 441,282 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Mr. Cooper Group by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 7,626,038 shares of the company’s stock valued at $496,608,000 after purchasing an additional 391,780 shares in the last quarter. Cercano Management LLC purchased a new position in shares of Mr. Cooper Group during the 4th quarter worth about $23,527,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mr. Cooper Group by 984.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 390,957 shares of the company’s stock worth $30,476,000 after acquiring an additional 354,905 shares during the period. 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.