Mr. Cooper Group (NASDAQ:COOP – Get Free Report) had its target price upped by stock analysts at Wedbush from $80.00 to $85.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Wedbush’s target price indicates a potential upside of 18.10% from the stock’s current price.
Several other research firms have also recently commented on COOP. UBS Group started coverage on shares of Mr. Cooper Group in a research report on Wednesday, December 6th. They set a “buy” rating and a $80.00 target price on the stock. Keefe, Bruyette & Woods increased their price target on Mr. Cooper Group from $74.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, December 13th. Deutsche Bank Aktiengesellschaft started coverage on Mr. Cooper Group in a research report on Wednesday, January 10th. They issued a “buy” rating and a $88.00 price objective on the stock. Barclays started coverage on Mr. Cooper Group in a research report on Wednesday, November 15th. They set an “overweight” rating and a $74.00 target price for the company. Finally, Piper Sandler boosted their price target on shares of Mr. Cooper Group from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Mr. Cooper Group has a consensus rating of “Buy” and an average price target of $76.50.
Mr. Cooper Group Price Performance
Insider Buying and Selling at Mr. Cooper Group
In other Mr. Cooper Group news, CEO Jesse K. Bray sold 25,000 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $67.56, for a total transaction of $1,689,000.00. Following the completion of the transaction, the chief executive officer now owns 391,051 shares in the company, valued at $26,419,405.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.11% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Mr. Cooper Group during the first quarter worth $642,000. Cetera Advisor Networks LLC lifted its stake in Mr. Cooper Group by 10.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 5,435 shares of the company’s stock worth $248,000 after purchasing an additional 533 shares in the last quarter. Citigroup Inc. grew its position in shares of Mr. Cooper Group by 37.5% during the 1st quarter. Citigroup Inc. now owns 93,768 shares of the company’s stock valued at $4,283,000 after purchasing an additional 25,580 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Mr. Cooper Group by 26.7% in the first quarter. Natixis Advisors L.P. now owns 15,355 shares of the company’s stock worth $701,000 after purchasing an additional 3,239 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Mr. Cooper Group by 4.3% in the first quarter. Bank of Montreal Can now owns 20,963 shares of the company’s stock worth $978,000 after purchasing an additional 869 shares during the period. 80.46% of the stock is owned by institutional investors.
Mr. Cooper Group Company Profile
Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through two segments: Servicing and Originations. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.
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