Mr. Cooper Group (NASDAQ:COOP) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Mr. Cooper Group (NASDAQ:COOP)‘s stock had its “outperform” rating reaffirmed by Keefe, Bruyette & Woods in a research note issued on Thursday, Benzinga reports. They currently have a $92.00 price target on the stock, up from their prior price target of $86.00. Keefe, Bruyette & Woods’ price target indicates a potential upside of 16.86% from the stock’s previous close.

COOP has been the topic of several other research reports. Jefferies Financial Group upped their target price on shares of Mr. Cooper Group from $74.00 to $80.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Barclays increased their price objective on shares of Mr. Cooper Group from $80.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Wedbush lifted their target price on shares of Mr. Cooper Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mr. Cooper Group in a report on Wednesday, January 10th. They set a “buy” rating and a $88.00 price target on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.22.

Mr. Cooper Group Stock Performance

Shares of COOP stock opened at $78.73 on Thursday. The company’s 50-day moving average is $74.98 and its 200 day moving average is $66.48. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 8.24 and a beta of 1.38. Mr. Cooper Group has a one year low of $41.74 and a one year high of $81.98.

Mr. Cooper Group (NASDAQ:COOP) last issued its earnings results on Wednesday, April 24th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.11 by $0.17. Mr. Cooper Group had a return on equity of 13.31% and a net margin of 31.75%. The business had revenue of $564.00 million for the quarter, compared to the consensus estimate of $498.15 million. As a group, research analysts predict that Mr. Cooper Group will post 9.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Mr. Cooper Group

In related news, President Michael S. Weinbach acquired 17,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were purchased at an average price of $71.16 per share, with a total value of $1,209,720.00. Following the completion of the purchase, the president now directly owns 17,000 shares of the company’s stock, valued at $1,209,720. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 of the company’s stock, valued at approximately $26,419,405.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael S. Weinbach purchased 17,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were acquired at an average cost of $71.16 per share, for a total transaction of $1,209,720.00. Following the completion of the acquisition, the president now owns 17,000 shares of the company’s stock, valued at $1,209,720. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 75,000 shares of company stock valued at $5,431,500. Company insiders own 2.33% of the company’s stock.

Institutional Trading of Mr. Cooper Group

Several institutional investors have recently made changes to their positions in COOP. Exchange Traded Concepts LLC lifted its holdings in Mr. Cooper Group by 1.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 12,642 shares of the company’s stock worth $823,000 after purchasing an additional 180 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Mr. Cooper Group by 20.6% in the first quarter. GAMMA Investing LLC now owns 1,085 shares of the company’s stock worth $85,000 after buying an additional 185 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Mr. Cooper Group by 1.5% during the fourth quarter. Arizona State Retirement System now owns 18,688 shares of the company’s stock worth $1,217,000 after acquiring an additional 279 shares during the last quarter. Assetmark Inc. boosted its position in shares of Mr. Cooper Group by 3.2% during the fourth quarter. Assetmark Inc. now owns 9,736 shares of the company’s stock worth $634,000 after acquiring an additional 299 shares during the last quarter. Finally, AlphaMark Advisors LLC grew its stake in Mr. Cooper Group by 6.9% during the first quarter. AlphaMark Advisors LLC now owns 4,675 shares of the company’s stock valued at $364,000 after acquiring an additional 301 shares in the last quarter. 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.