Mr. Cooper Group (NASDAQ:COOP) Given New $143.00 Price Target at Keefe, Bruyette & Woods

Mr. Cooper Group (NASDAQ:COOP) had its price objective lifted by investment analysts at Keefe, Bruyette & Woods from $115.00 to $143.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 17.35% from the stock’s current price.

A number of other research firms have also issued reports on COOP. JMP Securities reaffirmed a “market outperform” rating and issued a $115.00 price target on shares of Mr. Cooper Group in a research report on Thursday, February 13th. UBS Group lifted their price target on shares of Mr. Cooper Group from $122.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler downgraded shares of Mr. Cooper Group from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $125.00 to $143.00 in a research report on Friday. Barclays lifted their price objective on shares of Mr. Cooper Group from $111.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Citizens Jmp downgraded Mr. Cooper Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $117.89.

Mr. Cooper Group Stock Down 5.6 %

NASDAQ:COOP traded down $7.24 on Tuesday, hitting $121.85. The stock had a trading volume of 489,678 shares, compared to its average volume of 538,384. Mr. Cooper Group has a 1-year low of $74.49 and a 1-year high of $137.60. The company has a fifty day moving average price of $109.06 and a two-hundred day moving average price of $100.24. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.32 and a beta of 1.17.

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

Insider Transactions at Mr. Cooper Group

In other news, CEO Jesse K. Bray sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $112.24, for a total value of $3,367,200.00. Following the completion of the transaction, the chief executive officer now owns 698,821 shares of the company’s stock, valued at $78,435,669.04. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Picton Mahoney Asset Management boosted its holdings in shares of Mr. Cooper Group by 41.3% in the 4th quarter. Picton Mahoney Asset Management now owns 325 shares of the company’s stock valued at $31,000 after purchasing an additional 95 shares during the last quarter. Asset Planning Inc acquired a new stake in Mr. Cooper Group during the fourth quarter worth about $48,000. ORG Partners LLC purchased a new stake in shares of Mr. Cooper Group during the 4th quarter worth about $51,000. Kapitalo Investimentos Ltda purchased a new position in Mr. Cooper Group in the fourth quarter valued at approximately $70,000. Finally, Covestor Ltd lifted its position in Mr. Cooper Group by 418.9% during the fourth quarter. Covestor Ltd now owns 742 shares of the company’s stock valued at $71,000 after buying an additional 599 shares in the last quarter. Institutional investors and hedge funds own 89.82% of the company’s stock.

About Mr. Cooper Group

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.