Mr. Cooper Group (NASDAQ:COOP) PT Raised to $90.00

Mr. Cooper Group (NASDAQ:COOP) had its price objective upped by research analysts at Deutsche Bank Aktiengesellschaft from $88.00 to $90.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 14.31% from the company’s previous close.

A number of other brokerages have also recently weighed in on COOP. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Mr. Cooper Group in a report on Thursday. Barclays boosted their price target on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Jefferies Financial Group boosted their price target on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 19th. Finally, Wedbush boosted their price target on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.22.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $78.73 on Thursday. The stock has a market capitalization of $5.10 billion, a P/E ratio of 8.24 and a beta of 1.38. The company has a 50 day moving average price of $74.98 and a 200 day moving average price of $66.48. Mr. Cooper Group has a fifty-two week low of $41.74 and a fifty-two week high of $81.98.

Mr. Cooper Group (NASDAQ:COOP) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.11 by $0.17. The firm had revenue of $564.00 million during the quarter, compared to analysts’ expectations of $498.15 million. Mr. Cooper Group had a net margin of 31.75% and a return on equity of 13.31%. On average, research analysts forecast that Mr. Cooper Group will post 9.24 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $67.56, for a total value 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 approximately $26,419,405.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, President Michael S. Weinbach bought 17,000 shares of the stock in a transaction dated Tuesday, February 13th. The stock was acquired at an average price of $71.16 per share, for a total transaction of $1,209,720.00. Following the acquisition, the president now owns 17,000 shares in the company, valued at approximately $1,209,720. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jesse K. Bray sold 25,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $26,419,405.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,000 shares of company stock worth $5,431,500. Corporate insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Several institutional investors and hedge funds have recently bought and sold shares of COOP. Norges Bank purchased a new stake in Mr. Cooper Group in the 4th quarter valued at $47,104,000. Assenagon Asset Management S.A. raised its position in Mr. Cooper Group by 94.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,411,766 shares of the company’s stock valued at $75,614,000 after purchasing an additional 687,321 shares during the last quarter. Goldman Sachs Group Inc. raised its position 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 during the last quarter. Vanguard Group Inc. raised its position 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 during the last quarter. Finally, Cercano Management LLC purchased a new stake in Mr. Cooper Group in the 4th quarter valued at $23,527,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Mr. Cooper Group Company Profile

Mr. Cooper Group Inc engages in non-banking services for mortgage loans the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities for underlying mortgages, including collecting and disbursing borrower payments, investor reporting, customer service, and modifying loans.