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

Shares of Mr. Cooper Group Inc. (NASDAQ:COOP) have been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $112.22.

Several equities analysts recently commented on COOP shares. Keefe, Bruyette & Woods increased their price objective 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. UBS Group increased their price objective on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Citizens Jmp raised shares of Mr. Cooper Group to a “strong-buy” rating in a research report on Tuesday, January 14th. Piper Sandler increased their price objective on shares of 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, JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price objective on shares of Mr. Cooper Group in a research report on Thursday, February 13th.

Mr. Cooper Group Stock Performance

COOP stock opened at $106.19 on Monday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.32 and a beta of 1.49. The firm has a 50-day simple moving average of $103.69 and a two-hundred day simple moving average of $97.42. Mr. Cooper Group has a one year low of $70.88 and a one year high of $114.05.

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

Insider Buying and Selling

In other news, CEO Jesse K. Bray sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $94.49, for a total transaction of $2,834,700.00. Following the sale, the chief executive officer now owns 758,821 shares of the company’s stock, valued at $71,700,996.29. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake 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 period. Invesco Ltd. grew its stake in shares of Mr. Cooper Group by 5.2% during the 4th quarter. Invesco Ltd. now owns 1,800,369 shares of the company’s stock worth $172,853,000 after purchasing an additional 89,544 shares during the period. Wellington Management Group LLP grew its stake in shares of Mr. Cooper Group by 43.1% during the 4th quarter. Wellington Management Group LLP now owns 1,138,904 shares of the company’s stock worth $109,346,000 after purchasing an additional 343,243 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Mr. Cooper Group by 6.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 916,365 shares of the company’s stock worth $84,471,000 after purchasing an additional 52,001 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Mr. Cooper Group by 16.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 871,902 shares of the company’s stock worth $83,712,000 after purchasing an additional 125,897 shares during the period. Institutional investors and hedge funds 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.